Happy Friday!

Ripple’s CTO deflated the hopes and dreams of XRP bulls: $10,000 is never coming because if it were, XRP would be higher now. Here’s his thesis.

MSTR has finally caught a rally and surged 33% in April. Can this continue in May?

Plus, join Cboe and Benzinga for an exclusive online webinar at 11 a.m. ET, Thursday, May 7, to learn how to use time option expirations to take advantage of volatility. 

TOP STORY

Ripple Exec Disappoints XRP Bulls: 'If $10,000 XRP Was Real, It Would Already Be $20'

Ripple CTO David Schwartz just torched the $10,000 XRP thesis with one line:

"If there were a few very rich, very rational people who really believed there was a 1% chance XRP could hit $10K in 10 years, they'd bid XRP $XRP up to at least $20 today — why aren't they?"

With XRP trading around $1.37 on an $85 billion market cap, Schwartz's market efficiency argument cuts straight through the community hype.

The timing is pointed — Elon Musk testified in OpenAI court proceedings this week that most cryptocurrencies are "scams," and Schwartz didn't exactly disagree: "There's a lot more agreement that most cryptos are scams than there is on which ones aren't."

SPONSORED CONTENT

Learn How To Time The Markets With Options In This CBOE And Benzinga Webinar

Managing risk in volatile markets can be tricky, but for options traders  opportunities abound. But you have to be careful with the timing. After all, time to expiration of options is a big consideration that can influence potential outcomes. Join Cboe and Benzinga for an exclusive online webinar at 11 a.m. ET, Thursday, May 7, to learn how to use time option expirations to take advantage of volatility. 

Through the webinar you will learn what 0DTE and LEAPS® are, how time to expiration influences trading decisions and outcomes, and how spreads may be used to define risk around exercise and settlement. Whether you are new to options trading or a veteran, this webinar will help you take your option trading to the next level. 

This is a paid ad. Please see 17b disclosure here for more information.

QUICK N DIRTY

Bitcoin, Ethereum, XRP are rallying on Friday as markets hope for a resolution of the Iran war. here’s what else is driving markets today.

Dogecoin is up 10% over the past month: dead-dog bounce or start of a new rally?

Bitcoin could push higher before a final leg down, according to a top analyst. Here’s what prediction markets say about that.

FINTECH FOCUS

MSTR Surges 33% In April: Is Peter Schiff Wrong About The 'Largest Ponzi In The World'?

Strategy surged 33% in April, snapping eight consecutive months of declines, as Bitcoin climbed from $69,000 to $78,000 on U.S.-Iran ceasefire hopes and Strategy's most aggressive accumulation spree on record — 56,235 BTC across four purchases totaling $4.1 billion, funded by $3.3 billion raised through STRC preferred stock paying 11.5% yields.

Total holdings now sit at 818,334 BTC worth roughly $65 billion, or 3.88% of Bitcoin's entire supply — more than BlackRock's IBIT.

Peter Schiff called STRC "the largest Ponzi in the world," warning a collapse is inevitable.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this daily newsletter delivers top stories, fast movers and hot trade ideas straight to your inbox. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.