Prominent financial commentator Peter Schiff has criticized the idea of establishing a multi-token cryptocurrency reserve, specifically questioning the inclusion of the Ripple-affiliated XRP token. While Schiff understands the rationale behind a Bitcoin reserve, he is baffled by the need for an XRP reserve. Despite being a notorious critic of Bitcoin, many Bitcoin supporters agreed with Schiff's skepticism. Cardano founder Charles Hoskinson, who has previously feuded with the Ripple community, defended XRP and praised its technology and strong community. It has been confirmed that XRP, along with Solana, Cardano, and Ethereum, will be part of a multi-token strategic reserve, leading to a sharp increase in their prices.



Other News from Today