The approval of the first-ever leveraged Bitcoin ETF by the SEC and the decline in cryptocurrency payments indicate that Bitcoin is primarily being used as a store of value rather than a currency, while XRP and XLM have limited usage and potential for growth in the crypto payment market.

By Technical StaffAugust 26, 2023Bitcoin ETF

01:45 Bitcoin is not being used as a currency but rather as a store of value or investment, as shown by new data and a decline in payments on […]

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The approval of the first-ever leveraged Bitcoin ETF by the SEC and the decline in cryptocurrency payments indicate that Bitcoin is primarily being used as a store of value rather than a currency, while XRP and XLM have limited usage and potential for growth in the crypto payment market.

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