Bitcoin (BTC +2.06%) and XRP (XRP +2.34%) are very different types of cryptocurrencies. Bitcoin, the world’s top cryptocurrency, is still actively mined and generally valued by its scarcity and mainstream adoption. XRP, the native token of the XRP Ledger, was pre-mined prior to its launch and relies heavily on the fintech company Ripple Labs.
Since the start of this year, Bitcoin’s price has fallen by 2% while XRP’s price has dropped 8%. Both coins fizzled out as concerns about stickier inflation, elevated Treasury yields, and other unpredictable macro headwinds chilled the crypto market. But should you buy either of these tokens right now?
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The bull and bear case for Bitcoin
Bitcoin, which is mined with the…
