Top BTC Advocate Reveals Why US Reserve Cannot Add Ripple’s XRP

In the latest XRP News, Ripple CEO Brad Garlinghouse has shared his views on how “Maximalism” impacts the broader crypto market. However, a top Bitcoin advocate has stolen the spotlight with his recent comment on Garlinghouse’s post. The BTC advocate accused the CEO of “gaslighting” US XRP Reserve thoughts and revealed why the blockchain firm’s native crypto could not be added to the US National Reserve.

XRP News: Ripple CEO Brad Garlinghouse Advocates Crypto Collaboration

In the latest XRP news, Ripple CEO Brad Garlinghouse recently voiced his concerns about “crypto maximalism,” which he believes hinders industry growth. He emphasized that the crypto industry has immense potential if its players prioritize collaboration over competition.

Garlinghouse deemed “Maximalism” as an outdated concept, urging the industry to embrace a multichain future. The Ripple chief stated he owns XRP, BTC, ETH, and other cryptocurrencies, underscoring the importance of a level playing field for all tokens.

Meanwhile, the CEO also highlighted that if a government-backed digital asset reserve were to be created, it should reflect the entire crypto ecosystem rather than favoring a single token like Bitcoin or XRP. He stated:

“If a govt digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP, or anything else).”

Top BTC Analyst Questions XRP Role In Global Finance

Renowned Bitcoin analyst Willy Woo disagreed with Garlinghouse’s vision, pointing out a key flaw in Ripple’s approach. The BTC advocate claimed that XRP is unsuitable for a strategic reserve, especially in the US.

“Which countries would trust US-controlled XRP in a strategic reserve?” the BTC analyst questioned. He compared XRP to Bitcoin, describing BTC as a geopolitically neutral asset similar to gold. According to Woo, Bitcoin’s decentralized nature ensures its viability in global reserves, a quality that XRP lacks.

In addition, Woo accused Garlinghouse of “gaslighting” by promoting XRP as a strategic asset while ignoring its dependency on US oversight. His remarks reignited debates over whether XRP could ever achieve global acceptance as a reserve currency.

XRP Price Remains Flat Amid Bitcoin Vs Ripple War

XRP price today traded near the flatline at $3.11 with its one-day trading volume falling 43% to $8 billion. Notably, the recent dip comes amid soaring tensions between Bitcoin maxis and the XRP community. Notably, this Bitcoin Vs Ripple war has gained notable traction over the past few days, with many deeming it as a potential threat to the broader market sentiment.

However, despite that, Ripple has also been on the investors’ radar lately due to its recent developments. For context, Ripple recently received Money Transmitter Licenses in New York and Texas, which reflects the pro-crypto sentiment in the US under Trump’s administration.

Having said that, a flurry of experts anticipate XRP will be included in the US National Reserve, especially after Donald Trump’s recent crypto reserve hint. On the other hand, BTC maxis have voiced concerns, especially against XRP, while backing only the US Bitcoin Strategic Reserve.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.