In a recent episode of the Mr. M podcast, former Ripple executive Matt Hamilton voiced strong confidence that XRP could soon surpass Bitcoin as the leading cryptocurrency.
He reminisced about the time in 2018 when XRP held the top market position, exceeding Bitcoin’s market cap and overshadowing Ethereum.
Hamilton underscored several advantages that XRP possesses over Bitcoin, particularly its speed and scalability. He noted that while Bitcoin is often referred to as “digital gold,” its slower transaction speeds and outdated technology limit its practical use for everyday transactions. In contrast, XRP can process transactions in mere seconds and manage a high volume of activity without performance issues, making it a more viable option for scaling up.
Although Hamilton acknowledged Bitcoin’s decentralized nature, he expressed concern over its growing influence from major financial institutions, which he believes contradicts its original mission to disrupt traditional banking systems. He pointed out that rising transaction fees and diminishing mining rewards could alienate smaller users, creating a barrier to entry for those looking to participate in the Bitcoin network.
Furthermore, Hamilton emphasized XRP’s potential as a bridge currency for central bank digital currencies (CBDCs), arguing that its infrastructure is better suited for practical, everyday use compared to Bitcoin. He also highlighted Ripple’s recent initiative aimed at the rapidly expanding $20 trillion custody market, which seeks to facilitate institutional adoption of digital assets. This guide is designed to assist banks in developing effective custody solutions, showcasing Ripple’s commitment to expanding its footprint in the financial landscape.
With Ripple experiencing a remarkable 250% year-over-year growth in custody services, Hamilton remains optimistic about XRP’s trajectory as a major player in the cryptocurrency market. As institutional interest continues to grow, many industry observers believe that XRP’s utility will propel its rise, potentially enabling it to outpace both Bitcoin and Ethereum in the coming years.
Strategy Inc. (NASDAQ: MSTR) has announced the launch of its fourth perpetual preferred stock offering, marking a new phase in the company’s ongoing efforts to expand its Bitcoin treasury holdings.
Solana surged 5.6% to reclaim the $200 level for the first time since February, fueled by a confluence of bullish technical, fundamental, and institutional catalysts.
CoinMarketCap’s momentum algorithm is flashing strong upside signals for several fast-moving tokens. WEMIX, Drift, and OFFICIAL TRUMP Coin top today’s trending list, each driven by unique catalysts—from GameFi upgrades and DeFi volume surges to political tailwinds.
According to new data shared by Bitcoin Magazine Pro, publicly traded companies now collectively hold over 844,822 BTC, valued at more than $100.5 billion, marking a historic milestone for institutional Bitcoin adoption.