Rumors have been circulating that Donald Trump, the US President, has signed an executive order to criticize XRP assets. Some analysts believe the purpose of this decision is to buy Bitcoin. David Billy, CEO of Bitcoin Magazine, raised this issue on Platform X, stating that Trump intends to criticize Ripple (XRP). It is said that the President has ordered the government to aggregate XRP assets and then criticize them. This has led to speculation about the government’s purchase of Bitcoin. However, no official confirmation has been released by the White House yet. Billy claims that criticizing Ripple could increase the government’s Bitcoin assets. Billy’s post in response to a tweet by Jacob King, founder of WhaleWire, referred to Trump’s recent statements about Bitcoin. Meanwhile, Michael Silver, Strategy CEO, encouraged Trump to support Bitcoin, but Trump showed a neutral reaction. Some experts believe that the US government is only looking to profit from seized Bitcoin assets. Dan Romero, founder of Farscater, thinks the government will not buy new Bitcoins but may acquire Ripple through non-cash tax payments or financial aids. Currently, Ripple’s price has dropped to $2.33, an 8.3% decrease from the past 24 hours. Its trading volume has also decreased by 13% to $7.44 billion. Billy predicts that after the government sells Ripple, its price will drop to less than one cent. Visit the Instant Digital Currency Prices page to see the live prices of all tokens and cryptocurrencies.
