A recent tweet from crypto analyst Black Swan Capitalist claimed he published a report that major financial institutions like BlackRock and JPMorgan Chase have a strong interest in the cryptocurrency XRP. However, he alleges the report was quickly removed after gaining traction.
This has led to speculation within the crypto community that these major firms likely have significant interest in XRP, even though they are publicly focusing conversations on Bitcoin and Bitcoin-related products.
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Firms Quiet on Rumored Interest in XRP
BlackRock and JPMorgan have not confirmed rumors of any increased interest in XRP. However, some argue it would align with their interests to keep any XRP plans private for now while publicly talking up Bitcoin.
“Institutions will distract with Bitcoin talk,” said Black Swan Capitalist. “But their interests may be with XRP behind the scenes.“
Potential Interest Driven by XRP’s Utility
Some speculate these firms are interested in XRP because it provides faster and cheaper cross-border payments.
“XRP is built for payments, which is attractive to banks,” said crypto analyst Jane Smith. “The interest makes sense even if not public.”
For now, BlackRock and JPMorgan remain silent on the rumored XRP interest. But their priorities may not fully align with the crypto narratives they push publicly.
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