SBI Holdings: The success of the XRP token will eclipse Bitcoin.

XRP - a possible competitor to Bitcoin

“We will contribute to the adoption of the XRP currency among the masses, since it has every chance of getting around even Bitcoin soon. We are also ready to provide tools for accessing the coin to institutional investors. So far, it’s too early to talk about the prospects for the development of the coin network, but their breakthrough will definitely be there, ”said Kitao.

Also, the head of SBI Holdings noted that Bitcoin is gradually losing its real value. Due to the fact that the coin constantly suffers and faces instability, investors transfer funds to more stable assets. XRP is likely to become No. 1 cryptoactive, as it has the main quality - stability. According to Kitao, this could happen as early as this year.

Bitcoin this week has experienced large-scale growth, which has become a record lately. The coin reached the mark of 4 thousand dollars, but at the beginning of trading on Wednesday began to lose some position. According to analysts, the growing dynamics by the end of the day should fully recover.