Why XRP Is Predicted to Reach Zero Against Bitcoin
In a recent tweet, crypto analyst Max Keiser expressed his belief that XRP is “mathematically guaranteed” to trade at zero against Bitcoin. He referred to XRP as “centralized garbage” and claimed that it lacked strong fundamentals, making it worthless in the future. Keiser has consistently made negative remarks about XRP, even predicting that its value would decline to $0.01. In contrast, he praised Bitcoin as “perfect money” and emphasized its decentralization. It remains unclear why Keiser is so fixated on XRP, as it does not pose a threat to Bitcoin.
XRP Facing Backlash for Ripple CEO’s Actions
Some members of the crypto community see the recent criticism of XRP as poetic justice for Ripple CEO Brad Garlinghouse’s actions. Garlinghouse had previously compared another crypto token, DOGE, to the Zimbabwean dollar, suggesting that it had no value or real-life utility. This comparison received significant backlash, with critics pointing out that Garlinghouse should not be making such comments given XRP’s stagnant price. Although Ripple has attempted to distance itself from XRP, the crypto token is still closely associated with the company and used in its payment service.
Hot Take: The Battle Between Bitcoin and Altcoins
The ongoing debate between Bitcoin maximalists like Max Keiser and altcoin supporters highlights the fierce competition within the cryptocurrency industry. While Bitcoin continues to dominate the market and gain recognition as a decentralized form of money, other tokens like XRP face criticism and skepticism. The rivalry between these different digital assets reflects the diverse perspectives within the crypto community regarding what constitutes true value and decentralization. As the industry evolves, it will be interesting to see how these competing narratives shape the future of cryptocurrencies.
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