Analysts point out a elaboration dispute between the Maximalists of Bitcoin and XRP supporters after Bitcoin defenders spread negative narratives against the Virtual Token of Ripple.
An executive from Ripple explained why the so -called Bitcoin Maxis are trying to destroy XRP, saying that the firstborn defenders are not in favor of a “level game field” for cryptocurrencies.
What the maxis fears
Many XRP members could be perplexed by the negative narratives that Bitcoin Maxis is spreading. However, Ripple’s CTO, David Schwartz, is not surprising, offering the reason behind the vocal opposition that BTC defenders are launching in XRP.
Schwartz said Bitcoin’s purists are attacking XRP because they do not want to promote an equal opportunity for cryptocurrencies, emphasizing that they are against fair competition.
“We begin to press for a level playing field where the government does not play favorites. That was always what the Maxis feared the most, ”explained the Cryptography Executive in an X position.
We begin to press for a level playing field where the government does not play favorites. That was always what the Maixs feared most.
– David “Joelkatz” Schwartz (@joelkatz) January 25, 2025
Ripple has advocated that the United States government adopts a national cryptocurrency reserve that does not focus only on Bitcoin. The cryptographic firm urged the United States government to include other digital assets in the proposed reserve instead of being focused on Bitcoin.
Total crypto market cap at $3.4 trillion on the daily chart: TradingView.com
Is XRP a scam?
Several known Bitcoin defenders are disseminating negative narratives against XRP, with the aim of devaluing the cryptographic asset because Bitcoin Maxis perceives that XRP is a threat to flagship cryptography.
Among those who represent XRP are the prominent defender of Bitcoin Rajat Soni and the supporter of Bitcoin Robert Breedlove, who labeled XRP as a scam, claiming that cryptography only cheated its investors.
“XRP is a psychological operation designed to deceive retail investors to give their money by taking advantage of a bot army to exploit the ignorance of retail investors of centralization against decentralization, the nature of money and the risk of counterpart. Don’t fall in love with the scam, ”Breedlove said in an X position.
#Xrp It is a psychological operation designed to deceive retail investors to give their money taking advantage of a bot army to exploit the ignorance of centralization of centralization against decentralization, the nature of money and the risk of counterpart. Don’t fall in love with the scam.
– Robert Breedlove (@breedlove) January 26, 2025
In his publication, Breedlove even dissuaded a cryptographic investor of obtaining XRP, saying: “It is a bad idea to keep their savings in scam tokens.”
XRP is a scam.
Banks will never use XRP.
They will use some USD form backed by Bitcoin, or simply Bitcoin directly.
Let me explain:
– Soni limits, CFA (@rajatssonifnance) January 17, 2025
A threat to the Bitcoin reserve?
Another defender of Bitcoin, Pierre Rochard, who is affiliated with the Riot platforms of Bitcoin’s mining firm, believes that XRP could threaten the creation of the strategic strategic reserve of Bitcoin, a point of view agreed by Bitcoin’s historian of Kraken, Pete Rizzo.
Ripple has been pressing to incorporate other digital assets, not only Bitcoin, in the proposed cryptographic reserve. The CEO of Ripple, Brad Garlinghouse, explained that from the point of view of diversification, a reserve that includes Bitcoin and other cryptography assets makes sense, a proposal that does not feel good with the purists.
In a publication, Rizzo accused CEO of Ripple of discouraging the president of the United States, Donald Trump, Buy Bitcoin.
However, Garlinghouse minimized attacks, saying that Ripple’s defense aims to establish a strategic cryptocurrency reserve that includes all cryptocurrencies instead of focusing on a single cryptography.
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