Analysts note a brewing feud between Bitcoin Maximalists and XRP supporters after known Bitcoin advocates spread negative stories against Ripples virtual token.
An CEO at Ripple explained why the so -called Bitcoin Maxis tries to rip down XRP and says that advocates for the first -born crypto are not for a “level game plan” for Cryptocurrencies.
What the maxier is afraid
Many members in XRP May be confused by the negative stories that Bitcoin Maxis spreads. However, Rippel CTO David Schwartz does not think it is surprising and offers the reason behind the vocal opposition that BTC advocates throw on XRP.
Schwartz said that Bitcoin -Purists attack XRP because they do not want to promote an equal opportunity for Cryptocurrencies and emphasize that they are against fair competition.
“We start pushing for an equal condition where the government does not play favorites. That was always what the Maxieries most dreaded, ”explained the crypto chief in an X post.
We start pushing for an equal condition where the government does not play favorites. That was always what Maix’s most dreaded.
– David “Joelkatz” Schwartz (@joelkatz) January 25, 2025
Ripple has advocated for the US government to adopt an National Cryptocurrency Reserve It not only focuses on Bitcoin. The crypto company urged the US government to include other digital assets in the proposed reserve rather than being bitcoin-centered.
Total crypto market cap at $3.4 trillion on the daily chart: TradingView.com
Is XRP a fraud?
Several well -known Bitcoin advocates spread negative stories against XRP, which aims to devalue the crypto supply because Bitcoin Maxis perceives that XRP is a threat to flagship crawling.
Among those who tell XRP are prominent Bitcoin advocates Rajat Soni and Bitcoin supporter Robert Breedlove who noticed XRP as a fraudclaims that crypto just cheated its investors.
“XRP is a psychological operation designed to deceive retail investors to give away their money by utilizing a botar army to use retail investors ignorance of centralization versus decentralization, the nature and counterparty risk of money. Don’t fall for the fraud, ”Breedlove said in an X post.
#Xrp is a psychological operation designed to deceive retail investors to give their money away by utilizing a botar army to utilize retail investors ignorance of centralization versus decentralization, the nature and counterparty risk of money. Do not fall for the fraud.
– Robert Breedlove (@breedlove) January 26, 2025
In his post, Breedlove even discouraged a colleague crypto investor from getting XRP and said: “It’s a bad idea to keep your savings in fraud.”
XRP is a scam.
Banks will never use XRP.
They will use some kind of USD supported by bitcoin, or just straight up bitcoin.
Let me explain:
– Limits for Soni, CFA (@rajatsonifnance) January 17, 2025
A threat to the Bitcoin Reserve?
Another Bitcoin advocate, Pierre Rochard, which is affiliated with Bitcoin Mining Company Riot platforms, believes that XRP can threaten the creation of the American strategic Bitcoin reserve, a point of view that the Kraken has agreed by Krake’s Bitcoin historian, Pete Rizzo.
Ripple has driven to integrate other digital assets, not just Bitcoin, in the proposed cryptoe reserve. Ripple CEO Brad Garlinghouse explained that from a diversification point of view, a reserve that includes bitcoin and other crypto assets meaningfully – a proposal that does not fit well with the purists.
In a post, Rizzo Ripple accused CEO of discouraging US President Donald Trump from buying Bitcoin.
However, Garlinghouse trivialized the attacks and said that Ripple’s advocates aim to establish a strategic Cryptocurrency reserve that includes all cryptocorate rather than focusing on a single crypto.
Image from Voi, chart from TradingView