Recent rumors suggest that US President Donald Trump has signed an executive order to liquidate the government\u2019s XRP holding. This has sparked speculation about Trump\u2019s potential plan to purchase more Bitcoin by liquidating the holdings. Notably, Bitcoin Magazine CEO David Bailey took to X to share insights on Trump\u2019s latest executive order on XRP. Let\u2019s unveil the potential implications of the move.<\/p>\n
Donald Trump\u2019s XRP Liquidation: What Lies Ahead?<\/h2>\n
According to Bitcoin Magazine CEO David Bailey\u2019s recent X post<\/a>, Donald Trump plans to liquidate XRP.<\/p>\n Reportedly, President Trump has signed an executive order to consolidate and liquidate the US government\u2019s XRP holdings. This development has sparked speculations about the government\u2019s possible accumulation of more Bitcoins.<\/p>\n There\u2019s still no official word from the Trump administration regarding the EO on XRP. However, Bailey asserts that Trump\u2019s XRP liquidation could potentially lead to the government\u2019s more BTC accumulation.<\/p>\n Bailey\u2019s post on Trump\u2019s XRP liquidation comes in response to WhaleWire founder Jacob King\u2019s thread that highlighted Trump\u2019s unexpected BTC statement. MicroStrategy\u2019s Michael Saylor, a prominent Bitcoin advocate, reportedly urged President Trump to endorse Bitcoin by saying \u201cNever sell your Bitcoin.\u201d<\/p>\n However, according to the post, Trump didn\u2019t quite deliver the message Saylor was hoping for. Instead, Trump reportedly responded with a more neutral statement, saying \u201cNever sell your Bitcoin\u2026 that\u2019s a little phrase they say\u2026 I don\u2019t know if they\u2019re right or not\u2026 who the hell knows.\u201d<\/p>\n While Trump calls himself the crypto president and endorses crypto-focused policies, his reported statement sparks confusion.<\/p>\n Meanwhile, experts are split on Trump\u2019s potential actions regarding Bitcoin. Farscater founder Dan Romero thinks the government will limit itself to profiting from confiscated Bitcoin assets, rather than purchasing new ones.<\/p>\n He says that the Trump government may include XRP in the crypto reserves through in-kind tax payments or quasi-donations. At the same time, Robert Kiyosaki thinks<\/a> that if Trump buys Bitcoin, its price could skyrocket, potentially helping the US recover from its financial struggles.<\/p>\n At press time, XRP is trading<\/a> at $2.33, marking a notable decline of 8.3% over the last 24 hours. Despite the daily decline and the monthly dip of 4%, XRP has gained more than 7% over the past week.<\/p>\n The XRP market is experiencing a significant shift in trader sentiment, reflected in a 13% drop in 24-hour trading volume, which now stands at $7.44 billion. This decline suggests that traders are becoming increasingly cautious, possibly due to market uncertainty and after the recent White House Crypto Summit<\/a>.<\/p>\n In his X post, Bailey stated, \u201cWhen the USG is done selling XRP it will be worth less than a cent.\u201d Bailey suggested that the US government\u2019s XRP liquidation will result in a further downturn in the token price. He sarcastically remarks that such a low value would enable extremely small transactions, saying, \u201cNow that\u2019s micro-transactions!\u201d<\/p>\nTrump\u2019s Bitcoin Motives Remain Ambiguous<\/h2>\n
How Will Trump\u2019s Liquidation Plan Impact XRP Price?<\/h2>\n
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