"Trump adopts XRP, Solana (SOL), Ada (ADA)... reflecting diversification of investments"
JH Kim
Summary
- Zach Pandl stated that President Trump's adoption of XRP, Solana (SOL), and Ada (ADA) reflects the trend of investors diversifying their assets.
- He reported that investors are emphasizing diversification strategies in cryptocurrencies along with positive outlook on Bitcoin (BTC).
- He added that the trend of cryptocurrency diversification is similar to the pattern of diversified investments across various asset classes such as stocks, bonds, and commodities.
Zach Pandl, Head of Research at cryptocurrency asset management firm Grayscale, stated in an interview with Fortune on the 4th (local time) that "President Trump's adoption of XRP, Solana (SOL), and Ada (ADA) as strategic reserves reflects the increasing trend of investors diversifying their holdings."
He added, "Regardless of their positive outlook on Bitcoin (BTC), investors are increasingly diversifying cryptocurrencies, just as they diversify across various asset classes such as stocks, bonds, and commodities."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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