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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Max Keiser Crowns Michael Saylor as "Bitcoin's Elon Musk"
Prominent Bitcoin advocate Max Keiser has publicly bestowed a new title upon Michael Saylor, the head of MicroStrategy: "Bitcoin's Elon Musk." This comparison, made on a social media post, is not a reference to a celebrity persona but rather to a relentless, unwavering commitment to Bitcoin accumulation. Keiser's reasoning stems from Saylor’s unique discipline in the market. Unlike newer companies that have adopted a similar Bitcoin treasury strategy, Saylor's MicroStrategy has demonstrated an unmatched resolve, consistently purchasing Bitcoin even when its position was in the red. Keiser believes that this steadfast conviction in Bitcoin is what sets Saylor apart and makes him the "Bitcoin of BTC treasury plays."
A Testament to Unwavering Conviction
Keiser’s praise for Saylor comes at a time when a growing number of companies are emulating MicroStrategy's corporate treasury model. However, the crypto veteran remains skeptical that these "Strategy clones" will possess the same discipline during a prolonged bear market. He points out that Saylor "never sold and just kept buying," a testament to a deep-seated belief in Bitcoin's long-term value. Saylor's actions, which have made MicroStrategy a leader in the corporate Bitcoin space, have inspired a new wave of firms to add the cryptocurrency to their balance sheets. Keiser's comparison positions Saylor not as a mere copycat but as a true pioneer and a figure whose influence will continue to shape the corporate adoption of Bitcoin.