#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The pundit says that $XRP is the Starlink of Elon Musk in the world of cryptocurrency. Here is why.
XRP has once again become a topic of debate in the cryptocurrency space after blockchain advocate John Squire (@TheCryptoSquire) made a notable comparison between XRP, Bitcoin, and Ethereum, the three largest assets in the crypto market. In a recent post, Squire suggested that XRP addresses some of the limitations found in older blockchain systems, particularly those related to speed and efficiency. According to him, "Bitcoin is a landline, Ethereum is a mobile phone, XRP is Starlink with no latency." XRP is often compared by Elon Musk to Tesla and other projects, and Squire's post quickly attracted attention on X, with many comments supporting his view that XRP offers more real value in areas that require fast and reliable transaction processing.
Challenging the Limitations of Inherited Assets Bitcoin is still limited by slow block times and the proof-of-work system is often criticized for being inefficient. Bitcoin processes new blocks approximately every ten minutes, and a popular crypto YouTuber recently showcased a BTC transaction that took five hours to highlight the issues with the cryptocurrency. Ethereum, while offering greater functionality through smart contracts, also struggles with high network fees and variable performance when used widely. In contrast, XRP is designed to facilitate fast and inexpensive money transfers, with an average payment time of just a few seconds. Transaction costs are usually less than a cent, making it one of the most cost-effective networks available. These characteristics have made the asset a popular choice among organizations prioritizing transaction speed and operational costs, such as banks and payment service providers. Many experts believe that Bitcoin and Ethereum cannot compete with XRP in the global payment space. XRP Arny Consideration Panos Mekras recently questioned why people hold BTC or ETH when XRP is fundamentally better. He describes this asset as more sustainable and safer, and as the "OG DeFi chain with everything integrated and no smart contract risk." One commenter stated that Squire's comparison reflects the development of blockchain, saying that Bitcoin laid the foundation, Ethereum added flexibility, and XRP is the next generation with global reach and practical utility. Red Cocktail, another commentator, stated that each currency defines an era, with XRP currently leading. He also predicted a major explosion as the global system shifts to the ISO 20022 standard. Another commentator compared this transition to a software cycle, considering XRP to be the most advanced and scalable. While XRP has its skeptics, many supporters believe it is the best asset to lead the crypto market. Although Bitcoin is still considered by many to be a long-term store of value and Ethereum remains central to the development of dApps, XRP is best suited for use cases that require speed and scalability. #CryptoCharts101