Renowned economist Peter Schiff has raised an issue between Donald Trump’s tariffs and the president’s plan to make the US a Bitcoin superpower. Schiff believes that Trump is unlikely to achieve his goals with the tariffs while making the US a BTC superpower, as they both contradict each other.
Peter Schiff Explains How Trump’s Tariffs and Bitcoin Plans Contradict
In an X post, Peter Schiff stated that Donald Trump’s goals of solving the problems leading to the US’s huge trade deficits and making the country a Bitcoin superpower are at odds with one another.
The economist explained that the more the US diverts its scarce resources to crypto, the more it will depend on the rest of the world to produce the stuff that Americans need. Peter Schiff, who is a Bitcoin skeptic, has on several occasions criticized Trump’s tariffs and his Bitcoin plans.
He believes that the tariffs will only harm the US and lead to higher inflation or recession. The economist also believes that plans like the Strategic Bitcoin Reserve are a waste of resources. Schiff even urged former President Joe Biden to sell the US’s Bitcoin holdings before Trump took office earlier this year.
With Trump not backing down on his tariff plans, Schiff predicts that the Fed will likely cave and move to cut interest rates instead of raising them to help curb inflation. He predicts a Gold rally to new highs if that eventually happens.
The Bitcoin Criticism Continues
As a follow-up to his original post, Peter Schiff again criticized Bitcoin and Trump’s Strategic BTC Reserve plans. He stated that the flagship cryptocurrency does not create any value for the US. Instead, he claims resources are just wasted as money moves from Bitcoin buyers to sellers.
Meanwhile, Peter Schiff also commented on Gold’s correction towards the end of this week while the Bitcoin price surged past the $95,000 mark. He stated that this was just a counter-trend move, which happens from time to time. He urged market participants not to read anything more into it.
Ethereum Layer-2 protocol Arbitrum has launched Converge, a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge aims to bring billions of dollars in stable assets into decentralized finance (DeFi).
Arbitrum Converge: Key Details to Note
The Ethereum layer-two (L2) scaling solution revealed that Converge was specifically developed to support the tokenization of real-world asset and related financial applications.
Per the update, the network will use Celestia’s modular data availability layer, which ensures faster, more reliable data processing. Two key stablecoins, USDe and USDtb, will serve as gas tokens, providing stability in transaction fees.
Initially, the chain will operate with 100ms block times, with upgrades planned to bring block times down to just 50ms. Validators will secure the network using sENA. In addition to this, Converge will host major decentralized finance applications. These include DApps such as Ethereal DEX, with plans for more appchains.
Furthermore, the planned Stylus upgrade will allow developers to write smart contracts using Solidity, Rust, C, and C++. This broader programming language support ensures more efficient and scalable application development.
The assets of Ethena Labs, worth $5 billion, and those managed by Securitize, totaling $2 billion, will be moved onto Converge. Per the design, this will significantly boost its liquidity.
Ethereum Layer 2 and Competition
Beyond Arbitrum, it is worth noting that Layer 2 solutions have seen growing adoption. For example, Ethereum Mainnet averaged just 14.10 User Operations Per Second (UOPS) last year.
In comparison, Base achieved 83.99 UOPS, peaking at 155.44 on January 1, 2025. It processed over 221 million operations in 30 days, the highest among L2 networks per L2Beat data.
Arbitrum One recorded a 35.9% decline in 30-day usage, with current UOPS at 21.71. Despite this, the network’s infrastructure remains a strong contender, and rollup activity saw a surge towards the end of 2024, showing growing trust in L2 solutions.
Arbitrum Price Outlook
Recent reports indicate that U.S.-based trading platform Robinhood has added Arbitrum (ARB) to its list of tradable cryptocurrencies. The listing led to a 14% price rally for the Ethereum layer-2 network.
As of this publication, CoinMarketCap shows the Arbitrum price was trading at $0.2808, with a slight 0.11% positive change in the past 24 hours. Additionally, trading volume has risen by 6.84%, reaching approximately $115.38 million.
Based on market perception, the launch of Converge could drive more interest and engagement, which may positively impact ARB’s price in the near future.
Beyond Converge, the next major development being watched is the Ethereum Pectra upgrade, which is billed to go live on the mainnet by May 7.
In major XRP News Today, Ripple president backs RLUSD and XRP Ledger.
Ripple’s XRP finally neared the long-awaited $3 mark after President Donald Trump
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
Also, a number of SEC cases that had cast doubt on the future of leading cryptocurrency companies have been dropped, giving hope for a favorable outcome in the Ripple vs SEC lawsuit. Amid this, Brazil’s securities regulator has approved the first spot XRP ETF, indicating a rising demand from institutions.
After the US SEC acknowledged an XRP ETF filing by Grayscale and the NYSE, top analysts are predicting that the XRP price might hit $10 if it gets approved. Considering all these positive developments, our XRP price prediction will explore the potential answers to questions such as “Will XRP reach $10 in 2025?” by providing short term and long-term Ripple (XRP) price prediction.
Overview
Cryptocurrency
XRP
Token
XRP
Price
$2.46
Market Cap
$141.02 billion
Trading Volume
$14.24 billion
Circulating Supply
57.94 billion XRP
All-time High
$3.84 Jan 04, 2018
All-time Low
$0.002802 Jul 07, 2014
24-hour high
$2.95
24-hour low
$2.43
XRP Price Today
XRP with a price tag of $2.4523 has been trading within a descending triangle, hinting at a potential breakout in the short-term. As per our XRP price analysis, a push above the immediate resistance at $2.5185 could lead to a breakout above the triangle to $2.6068. In contrast, a breakdown may cause a test of $2.2747, and in bearish circumstances, it may also drop to $1.9983. That being said, the ascending channel withi the triangle indicates a modest bullish momentum.
XRP Price Chart 05th March 2025
XRP Price Prediction 2025
A few factors will likely shape XRP’s market performance in 2025. The main factor that will decide XRP’s trend in 2025 is the conclusion of the Ripple vs SEC lawsuit. However, there’s more in store for XRP, as in a recent announcement, U.S. President Donald Trump had mentioned XRP being included in the newly formed U.S. Strategic Crypto Reserve.
Talking about efforts and progress being made at Ripple Team’s end, Monica Long, President at Ripple highlighted that RLUSD stable coin will serve as the basic necessity for the entire Ripple ecosystem. She mentioned how the Ripple blockchain network allows users to tokenize, store, move, and exchange assets. Another major highlight from the discussion was how Ripple’s open source code for the XRP ledger is contributing to the blockchain industry.
If things go in favor of Ripple, XRP price could surge to a maximum of $5.81 by the end of 2025. In contrast, if the lawsuit continues, XRP could remain under a narrow range with a potential low of $2.3. That being said, we can expect an average price of $4.89.
Year
Potential Low
Potential Average
Potential High
2025
$2.3
$4.89
$5.81
Ripple (XRP) Price Prediction 2026 – 2030
Year
Potential Low ($)
Potential Average ($)
Potential High ($)
2026
5.6
6.25
8.64
2027
7.15
8.89
12.25
2028
11.3
14.11
16.53
2029
13.98
16.48
21.12
2030
16.92
19.87
26.97
XRP Price Prediction 2026
XRP price will likely witness a strong growth in 2026. There is a possibility that XRP can break through the $8.64 level and hold the price by the end of 2026. The minimum XRP price will be around $5.6, with an average trading price of $6.25. This could be a result of Ripple’s role in CBDC development and XRP’s rising institutional demand.
XRP Price Prediction 2027
By 2027, market analysts and experts predict that XRP’s price will range between $7.15 to $12.25. XRP price might record an average level of $8.89. The reason behind this surge could be due to Ripple’s increasing domination in the payment sector, accelerating XRP’s buying demand and utility.
XRP Price Prediction 2028
In 2028, Ripple could increase its use cases, including new dApps and announcements regarding XRP. This might boost the dominance of XRP as the second largest altcoin by market cap. We expect the XRP price to range between $11.3 to $16.53. The average trading price could be around $14.11.
XRP Price Prediction 2029
Partnerships with multiple governments and wider adoption might strengthen XRP’s price in 2029. The altcoin might record a trading range between $13.98 to $21.12, with an average price of $16.48.
XRP Price Prediction 2030
The long-term XRP price prediction depends on Ripple’s ability to expand its offerings across the crypto market. If everything remains positive, XRP price could scale between $16.92 to $26.97. With that price range, the average tag could be at $19.87.
