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Alright… its time to dive in……

Scoop in this issue…. 4-minute read…

✍️ 1. XRP claims the 3rd spot and overall crypto market-cap reaches 3.4 Trillion USD 🚀 

✍️ 2. US Spot Bitcoin ETFs purchased 71,570 Bitcoin last month

✍️ 3. These 60 Public Traded companies own Bitcoin…..

_{✍️ 1. XRP claims the 3rd spot but the history of Ripple is still a concern !} 🚀

The most hyped up token during 2017 bull run was Ripple ( XRP) which has now reclaimed the 3rd spot in the Crypto Market. ( XRP Army must be very happy and they are calling $150 per token now on X. 🙂 )

Ripple's XRP Ledger currently processes 49.5 transactions per second (tps), whereas Solana $SOL handles 1,320 tps. This raises concerns about the effectiveness and adoption of the XRP however its more centralized than most can imagine which means the circulating supply can be controlled like Central Bank’s currency like USD, Pounds, Yen, Rupee or any other currency.

During 2017, there were very few crypto tokens compared to what it is today. XRP was one of the most bought token at that time.

Pretty much everyone owned some quality of this token all over the world. XRP price was in few cents and that made it attractive to anyone who count’t afford Bitcoin and Ethereum. Most didn’t understand the concept of Market-cap and circulation supply and people who bought it thought it will go to few 100’s of $. Well the reality is different 🙂 

Thats how the xrp army was formed to rule the world : )

^{(The “XRP Army” refers to the enthusiastic and vocal community of supporters of XRP, the native cryptocurrency of the Ripple payment protocol. )}

As much as people make fun of Ripple (XRP), Ripple has gone through a lot because of SEC attack. Ripple CEO Brad Garlinghouse has openly criticized government’s involvement by suppressing Ripple’s growth with legal actions for almost 4+ years. Gary, SEC chairman was head bent calling “XRP as a security” and pushed them to the brink of destruction.

After recent win in court, Ripple finally making its way to the new heights finally claiming the 3rd spot in the Crypto Market. Its not a surprise but XRP holders are definitely happy about their bag of tokens.

This is a good read - Ripple may not be a True cryptocurrency

_✍️ 2. US Spot Bitcoin ETFs purchased 71,570 Bitcoin

The American Bitcoin ETF acquired 71,570 Bitcoins in November, marking a record-breaking month for inflows in terms of US dollars.

This equates to approx. 16.5 billion dollars ( current price of Bitcoin- 95,996). Below is the chart of buys by month. This means we are seeing financial companies that track Bitcoin's price by holding the actual cryptocurrency in reserve and backing each share of the ETF with real Bitcoin

Below charts shows the current demand by month. This is expected to increase over time as more institutions adapt Bitcoin.

However when we compared the data of November only 13,500 Bitcoins were mined on average. This implies, there may be a potential shortage of supply down the line at this rate.

Does ETF Ownership of Bitcoin Create New Market Risks? Read here

_✍️ 3. These 60 Public Traded companies own Bitcoin

The below list of public traded companies holding Bitcoin reflect the growing interest of institutional investors in Bitcoin as a digital asset and a potential hedge against inflation.

Alright….Thats a windup for today. Hope you enjoyed this educational newsletter and helps you understand more about crypto space.

See you in our next edition with more about the Crypto World !

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The information provided in this newsletter is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author’s and does not reflect any view or suggestion or any kind of advise from The Crypto Cacus. All external links are not owned and its content can be changed by the respective owners.