Why I’m Considering an Exit from BTC for XRP & XLM—Thoughts?

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Why I’m Considering an Exit from BTC for XRP & XLM—Thoughts?

I’m thinking about making a shift in my portfolio and wanted to see if others have been considering the same. I’m holding a decent amount of BTC, but with all the buzz around XRP and XLM, especially in connection with BRICS and their potential real-world use cases, I’m wondering if it’s time to pivot. Here’s what’s on my mind:

1. Will BRICS Ever Use XRP and XLM?
So far, it sounds like XRP has real traction with BRICS. Reports say the alliance (which now includes Saudi Arabia, Iran, UAE, etc.) is actively exploring a blockchain-based payment system as an alternative to SWIFT. With XRP’s fast and low-cost transactions, it’s gaining interest as a “bridge currency.” There’s even chatter about the UAE and India testing it for oil trades. XLM is also a contender, especially for financial inclusion, targeting unbanked populations in emerging economies, which aligns with some BRICS goals to boost economic independence and ditch reliance on the USD.

2. Can XRP and XLM Capture Real-World Assets?
Beyond BRICS, both XRP and XLM are gaining momentum as vehicles for tokenizing real-world assets (RWAs). XRP, with its solid infrastructure and network adoption, has the framework to bridge crypto with traditional finance. Meanwhile, XLM, with a focus on low-cost and high-volume transactions, could make it ideal for transferring these assets. Both tokens are positioning themselves to tokenize things like stocks, real estate, and commodities, bringing the “real world” onto the blockchain.

3. Worth Exiting BTC for XRP and XLM?
BTC’s obviously the OG and a solid store of value, but its high fees and slower transaction speeds have me questioning its utility compared to newer assets. With XRP and XLM offering lower fees and faster processing, could it be smarter to switch some BTC holdings into them? Especially if BRICS and other big players start using these coins, the upside potential seems massive.

I know, I know—”Don’t put all your eggs in one basket”—but would love to hear if anyone else is considering reallocating from BTC to XRP and XLM. Is it worth the gamble for those of us trying to maximize future gains?

Gihan Wijethunga Answered question November 6, 2024
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