Forbes Alerts Of A $15 Trillion Quake Approaching Crypto Market, Targeting XRP and Others

As the crypto space experiences unprecedented growth and adoption, more volatility and uncertainty will likely follow. A recent Forbes report alerted the crypto community of a potential $15 trillion quake that threatens market stability.

Forbes predicts that some of the cryptocurrencies that will be affected by this potential storm are XRP, Bitcoin, BNB, Ethereum, Cardano, Tron, Dogecoin, Polygon, and Solana.

These forecasts have sparked widespread speculation among investors, traders, and enthusiasts who closely follow the performance of the crypto market.

Forbes Warns of Crypto Earthquake Driven by BlackRock’s Bitcoin ETF Interest, Reshaping XRP Demand

In a recent report, Forbes magazine declared that a massive and unprecedented change is heading toward the crypto market. 

The article titled “A New Wave – Major Bank Reveals A $15 Trillion Earthquake” explains that this event could have a significant impact on the prices of some of the top assets. 

The report suggests that the effects of this seismic shift could be far-reaching and potentially disruptive to the entire crypto market. One of the reasons behind the declaration is due to the recent action of the world’s largest asset manager, BlackRock. 

The firm unveiled its motive to plunge deeper into crypto last week, starting a trend reversal. BlackRock, which oversees assets valued at $10 trillion, applied to the US regulatory authority to establish a Bitcoin spot exchange-traded fund (ETF). 

The filing represents BlackRock’s intention to make crypto more accessible to investors. Also, due to the firm’s capacity and reach, the approval will trigger a massive demand for Bitcoin from its prestigious clientele.

This would also boost interest in the cryptocurrency market, increasing the value and popularity of various coins, including XRP.

BlackRock’s Potential Influence on Crypto Investments Sparks Debate as Skepticism Lingers

The actions taken by the large financial company, BlackRock, could open doors for more investment products focused on cryptocurrencies to be introduced by other institutional investors.  

However, some experts have raised a point that if BlackRock allocated only 0.3% of its fund toward cryptocurrencies, it would be enough to purchase all the available Bitcoins and XRPs on cryptocurrency exchanges. 

This suggests that even a relatively small investment from BlackRock could disrupt the normal trend of the cryptocurrency market. 

But, a market analyst at eToro, Simon Peters, expressed his opinion in an email to Forbes, saying, “The potential for a bitcoin spot ETF to move the market is not hugely clear and reliant on demand.”

“But BlackRock manages an eye-watering amount of the world’s capital, so the success of a spot ETF could unlock enormous amounts of liquidity in the market for bitcoin.”

$5 Trillion Fund Managers Express Overwhelming Interest in XRP and Others

Furthermore, Forbes pointed out the potential for significant disruption in the cryptocurrency market.

The media outlet said the disclosure from a digital assets’ subsidiary of the massive Nomura bank, Laser Digital shows increasing interest in crypto assets. 

Laser Digital’s recent survey of professional investors overseeing an astounding $5 trillion in assets revealed a strong inclination to invest in cryptocurrencies, specifically mentioning XRP.

Such massive interest could drive increased demand for crypto assets, subsequently improving the prices of many assets. 

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