United

Gold

<ul class="news-points">
 <li>Analysts predict the U.S. “debt spiral” may push up interest in crypto assets such as XRP to rival gold.&nbsp;</li>
 <li>The U.S. debt portfolio sits at an all-time high of $33 trillion, which has the whole system worried.</li>
 <li>U.S. institutional investors are looking into crypto assets such as XRP, Bitcoin, and Ethereum.</li>
</ul>
Analysts in the United States have predicted that cryptocurrency tokens, such as <a href="https://coinedition.com/xrp-lawyer-flags-secs-precarious-position-in-the-ripple-case/" rel="noopener noreferrer nofollow">XRP</a>, may see renewed institutional and individual interest, Forbes reported. These predictions come in the wake of the U.S. dollar collapse.
In particular, the report captured that analysts at investment firm Jefferies Group have warned the U.S. dollar may crash further as the country battles with its debt. The U.S. recently peaked its all-time debt portfolio at $33 trillion, which has the whole system worried.
According to the report, the quantitative tightening by the Fed and <a href="https://coinedition.com/fed-interest-rate-hike-confirmed-will-btc-bounce-back/" rel="noopener noreferrer nofollow">hiking interest rates</a> have triggered fears of a “debt spiral” for the currency. Furthermore, the report mentioned that the economic situation could also push up the price of crypto assets to rival gold.
As a result, the analysts predicted the government may decide to start printing the dollar a…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/analysts-predict-xrp-others-to-rival-gold-as-us-dollar-collapses/">Analysts Predict XRP, Others to Rival Gold as US Dollar Collapses</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Analysts Predict XRP, Others to Rival Gold as US Dollar Collapses

Coin Edition

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