Steven McClurg of Canary Capital has boldly declared that Bitcoin has already peaked in this market cycle and is now careening toward a downturn like a tea kettle in space. Normally, when Bitcoin plummets, altcoins like XRP follow suit, but XRP is being its usual enigmatic self. “Just watching XRP perform as everything’s going straight down and we continue to get inflows every day…” he said, sounding like a confused octopus holding a spreadsheet. 🐙
McClurg’s theory? XRP might peak in 2026 while the rest of crypto struggles. Why? Because “there’s so many advancements being made on the XRP ledger,” he claimed, which global capital markets apparently understand better than how to parallel park. 🚗
Ripple’s new stablecoin and XRP Ledger activity are supposedly proof that institutional interest is focused on infrastructure, not price. McClurg compared the scale of XRP’s ETF launch to a cosmic speed bump: “If you hit $5 million AUM in Year One, you’re rocking it.” By this standard, XRP’s debut isn’t just successful-it’s “anomalous,” which is crypto-speak for “we’re not sure what this means, but it sounds cool.” 🌌
Bitcoin ETFs institutionalized digital gold. Ethereum ETFs cautiously extended that idea to smart contracts. XRP ETFs, however, are positioning themselves as a bet on payments infrastructure and real-world financial plumbing. Which is to say, they’re trying to be the blockchain’s answer to a really good cup of tea-except the teapot is owned by a robot. ☕🤖
If this thesis holds, XRP’s ETF story might be less about cycles and more about whether Wall Street believes blockchains can finally move money better than banks. Assuming the banks aren’t just using the same old paper. 🧾
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2025-12-21 20:09