Bitcoin Dad, a prominent Bitcoin advocate, has outlined five reasons why he believes XRP is a "scam coin." These criticisms have emerged as discussions around the inclusion of XRP in the U.S. strategic digital asset reserve have taken place. While President Donald Trump's executive order does not mention XRP, speculation about its potential inclusion has caused unease among Bitcoin supporters. The reasons cited by Bitcoin Dad include irregularities in the early stages of the XRP Ledger, the perceived centralization of XRP due to Ripple and its founders controlling a significant portion of the token's supply, unresolved regulatory concerns, Ripple's alleged opposition to Bitcoin, and claims that Ripple has used political influence to its advantage.
Content Editor ( thecryptobasic.com )
- 2025-01-26
Pundit Gives 5 Reasons Showing XRP is Not a Memecoin But a Scam Coin
