In the latest XRP News, Ripple CEO Brad Garlinghouse has shared his thoughts on how “Maximalism” impacts the broader crypto market. However, a top Bitcoin analyst has sparked discussions with his recent comment on Garlinghouse’s post. The analyst accused the CEO of gaslighting US XRP thoughts and revealed why the native crypto of the blockchain firm 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Garlinghouse deemed “Maximalism” as an outdated concept, urging the industry to embrace a multichain future.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. Woo 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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