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The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold
Bitcoin and Gold as stores of value often boil down to a single, critical distinction in the digital era of mobility. This portability transforms BTC from just a digital gold narrative into a living, breathing monetary network that gold can never match. According to mhar_leeck’s perspective on X, the true evolution of BTC lies in its capacity as a platform for innovation, to move, evolve, and even teach. Unlike gold, which stays locked away, this narrative confines the asset to a passive role. The Build on Bitcoin (BOB) layer 2 solution is presented as the crucial technology that enables this shift. Build On Bitcoin Powering The Narrative Furthermore, by creating a new, more expressive layer on top of BTC, BOB turns the theory of a programmable BTC into a practical reality. This combination is often referred to as a hybrid L2, which allows builders to transition from simply reading about decentralized finance (DeFi) to experimenting, testing, and creating in real-time. Related Reading: Bitcoin Poised To Rival Gold In Central Bank Vaults By 2030: Deutsche Bank The unlocking of BTC’s liquidity extends beyond its use in high-throughput applications. It is about unlocking a space for true innovation, where every project sparks, and momentum keeps building. Mhar_leeck noted that the most exciting next chapter for BTC is not about simply holding the asset, but about actively building on it. Crypto Sinan has also stated that he has been in BOB for a while now, and the ride has been nothing short of exciting. The promise of BTC actually working across DeFi with one click highlights the focus on user experience, and no wrapped tokens or shady bridges that introduce new trust assumptions. However, by bridging the liquidity of both BTC security and ETH-grade flexibility, BOB opens the door to a wide range of yield-generating opportunities. As a result of allowing native BTC moves to earn multichain yield without the risks of opaque wrapping solutions, and a growing community that feels like it is building the future in real-time. “If you still think BTC is only a static store of value, maybe BOB is the place where you will finally see the digital gold become productive gold.” Crypto Sinan mentioned. The Biggest Profit-Take In Bitcoin History Bitcoin continues to experience bearish action, impacting investors’ sentiment. Niels, the co-founder of Tedlabsio, has revealed that Bitcoin’s Long-Term Holders (LTHs) are cashing in a historic amount of coins than ever before. Related Reading: Bitcoin Is Not Done Yet Despite Price Crash To $112,000, Here’s Why In this cycle, BTC Long-Term Holders have realized a record amount of profit, totaling an enormous 3.4 million BTC, larger than the profit realized in any previous bull run. However, in past cycles, sell pressure has barely dented the price structure, which signifies that despite seasoned investors taking record profits, the underlying demand is absorbing it all. Featured image from Pixabay, chart from Tradingview.com
Demand For XRP On CME Explodes As Reports Show Over $18 Billion
Demand for XRP on the CME derivatives exchange continues to rise, providing a bullish outlook for the altcoin. This comes ahead of the potential approval of the XRP ETFs, which could further spark institutional demand for XRP. CME XRP Futures Hit New Milestone In an X post, the CME group announced that it has hit its four-month milestone for XRP futures, with a notional trading volume of $18.3 billion, 6 billion XRP traded, and 397,000 contracts traded. This again highlights the demand for the altcoin, with the derivatives exchange previously stating that the altcoin’s futures products have shown demand from both institutional and retail participants. Related Reading: Institutional Investors Are Heavily Accumulating XRP And Solana – Here Are The Numbers Notably, the CME XRP futures crossed $1 billion in open interest (OI) last month, with the altcoin becoming the fastest-ever contract to do so, having hit the mark in just three months. Amid the demand for the altcoin on the derivatives exchange, CME has announced plans to launch options trading on the XRP futures on October 13. This is expected to further boost the demand on the CME exchange, which is a positive for the altcoin. This new milestone for XRP futures comes just ahead of the potential launch of XRP ETFs under the 33 Act, which will also elevate institutional interest in the altcoin. Fund issuers are expected to file amendments for their respective funds as soon as the end of this week. This comes amid the SEC’s approval of the generic listing standards, which could enable these XRP ETFs to launch earlier. If that doesn’t happen, the focus will shift to Grayscale’s October 18 deadline, which is the first final deadline among all seven XRP filings. The commission could approve these funds simultaneously, just as it did with the Bitcoin and Ethereum ETFs. Massive Demand Expected For The ETFs It is worth mentioning that market expert Nate Geraci had previously alluded to the success of the CME XRP futures as one of the reasons he believes people are underestimating the demand the spot XRP ETFs may record. He also noted at the time that there was already over $800 million in futures-based XRP ETFs. Related Reading: XRP Goes Head-To-Head With Bitcoin In This Metric As South Korean Market Wakes Up In another X post, Geraci doubled down on his statement that people are “severely” underestimating the investor demand for the spot XRP ETFs. He noted how a similar thing happened with the spot Bitcoin and Ethereum ETFs, which have so far exceeded expectations. Canary Capital CEO Steven McClurg also has high expectations for the XRP ETFs, predicting that they could record up to $5 billion in inflows in their first month. He also believes that they could outperform the Ethereum ETFs in the process. At the time of writing, the altcoin price is trading at around $2.75, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold
Bitcoin and Gold as stores of value often boil down to a single, critical distinction in the digital era of mobility. This portability transforms BTC from just a digital gold narrative into a living, breathing monetary network that gold can never match. According to mhar_leeck’s perspective on X, the true evolution of BTC lies in its capacity as a platform for innovation, to move, evolve, and even teach. Unlike gold, which stays locked away, this narrative confines the asset to a passive role. The Build on Bitcoin (BOB) layer 2 solution is presented as the crucial technology that enables this shift. Build On Bitcoin Powering The Narrative Furthermore, by creating a new, more expressive layer on top of BTC, BOB turns the theory of a programmable BTC into a practical reality. This combination is often referred to as a hybrid L2, which allows builders to transition from simply reading about decentralized finance (DeFi) to experimenting, testing, and creating in real-time. Related Reading: Bitcoin Poised To Rival Gold In Central Bank Vaults By 2030: Deutsche Bank The unlocking of BTC’s liquidity extends beyond its use in high-throughput applications. It is about unlocking a space for true innovation, where every project sparks, and momentum keeps building. Mhar_leeck noted that the most exciting next chapter for BTC is not about simply holding the asset, but about actively building on it. Crypto Sinan has also stated that he has been in BOB for a while now, and the ride has been nothing short of exciting. The promise of BTC actually working across DeFi with one click highlights the focus on user experience, and no wrapped tokens or shady bridges that introduce new trust assumptions. However, by bridging the liquidity of both BTC security and ETH-grade flexibility, BOB opens the door to a wide range of yield-generating opportunities. As a result of allowing native BTC moves to earn multichain yield without the risks of opaque wrapping solutions, and a growing community that feels like it is building the future in real-time. “If you still think BTC is only a static store of value, maybe BOB is the place where you will finally see the digital gold become productive gold.” Crypto Sinan mentioned. The Biggest Profit-Take In Bitcoin History Bitcoin continues to experience bearish action, impacting investors’ sentiment. Niels, the co-founder of Tedlabsio, has revealed that Bitcoin’s Long-Term Holders (LTHs) are cashing in a historic amount of coins than ever before. Related Reading: Bitcoin Is Not Done Yet Despite Price Crash To $112,000, Here’s Why In this cycle, BTC Long-Term Holders have realized a record amount of profit, totaling an enormous 3.4 million BTC, larger than the profit realized in any previous bull run. However, in past cycles, sell pressure has barely dented the price structure, which signifies that despite seasoned investors taking record profits, the underlying demand is absorbing it all. Featured image from Pixabay, chart from Tradingview.com
Demand For XRP On CME Explodes As Reports Show Over $18 Billion
Demand for XRP on the CME derivatives exchange continues to rise, providing a bullish outlook for the altcoin. This comes ahead of the potential approval of the XRP ETFs, which could further spark institutional demand for XRP. CME XRP Futures Hit New Milestone In an X post, the CME group announced that it has hit its four-month milestone for XRP futures, with a notional trading volume of $18.3 billion, 6 billion XRP traded, and 397,000 contracts traded. This again highlights the demand for the altcoin, with the derivatives exchange previously stating that the altcoin’s futures products have shown demand from both institutional and retail participants. Related Reading: Institutional Investors Are Heavily Accumulating XRP And Solana – Here Are The Numbers Notably, the CME XRP futures crossed $1 billion in open interest (OI) last month, with the altcoin becoming the fastest-ever contract to do so, having hit the mark in just three months. Amid the demand for the altcoin on the derivatives exchange, CME has announced plans to launch options trading on the XRP futures on October 13. This is expected to further boost the demand on the CME exchange, which is a positive for the altcoin. This new milestone for XRP futures comes just ahead of the potential launch of XRP ETFs under the 33 Act, which will also elevate institutional interest in the altcoin. Fund issuers are expected to file amendments for their respective funds as soon as the end of this week. This comes amid the SEC’s approval of the generic listing standards, which could enable these XRP ETFs to launch earlier. If that doesn’t happen, the focus will shift to Grayscale’s October 18 deadline, which is the first final deadline among all seven XRP filings. The commission could approve these funds simultaneously, just as it did with the Bitcoin and Ethereum ETFs. Massive Demand Expected For The ETFs It is worth mentioning that market expert Nate Geraci had previously alluded to the success of the CME XRP futures as one of the reasons he believes people are underestimating the demand the spot XRP ETFs may record. He also noted at the time that there was already over $800 million in futures-based XRP ETFs. Related Reading: XRP Goes Head-To-Head With Bitcoin In This Metric As South Korean Market Wakes Up In another X post, Geraci doubled down on his statement that people are “severely” underestimating the investor demand for the spot XRP ETFs. He noted how a similar thing happened with the spot Bitcoin and Ethereum ETFs, which have so far exceeded expectations. Canary Capital CEO Steven McClurg also has high expectations for the XRP ETFs, predicting that they could record up to $5 billion in inflows in their first month. He also believes that they could outperform the Ethereum ETFs in the process. At the time of writing, the altcoin price is trading at around $2.75, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com