An XRP ETF is inevitable and Bitcoin ETFs could help send BTC to $200,000 next year.

This is CoinDest Daily. I'm your host Christine Lee.

Bitcoin returning to $67,000 during the Asian morning after economic data from the U.S. on Wednesday

seemed to support the case for a quarter point rate cut in November. The Fed's latest beige

book survey of economic conditions across the U.S. released Wednesday portrayed a subdued

outlook with nine out of 12 regional banks reporting stagnant or slightly weak economic activity since early

September. BTC traded either side of $67,000 during the European and US morning up 1.8% over

the past 24 hours. Black rock buying more shares of Microstrategy representing a 5.2% ownership of the self-described

Bitcoin development company. Microstrategy is the largest corporate holder of BTC and serves as a way for

corporations to indirectly gain exposure to the world's largest cryptocurrency. Bernstein

analysts predict that Bitcoin's price will hit $200,000 in 2025 and that

micro-straties continued buying of BTC and BlackRock's Bitcoin ETF, which has seen inflows

upwards of $21 billion since launching earlier this year, will play key roles in realizing that

prediction.

Ripple CEO Brad Garlinghouse saying an XRP ETF is inevitable during a talk at DC FinTech

Week.

He also spoke about the U.S. government's pressure on banks to limit their involvement in

cryptocurrencies saying he was personally debanked by Citigroup because he's a prominent

figure in the crypto industry.

When asked what advice he'd give to a crypto startup right now,

he said they should incorporate outside the U.S.

That's it for CoinDest Daily.

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