The post Ripple CEO Talks XRP’s Role, but Cardone Calls Bitcoin Godzilla and XRP a Lap Dog appeared first on Coinpedia Fintech News
There’s been a lot of buzz recently after Ripple CEO Brad Garlinghouse joined an XRP-focused Twitter space. During the session, he discussed a range of topics, including the potential role of XRP in the future of the U.S. economy. Garlinghouse revealed that he had discussed with Donald Trump the idea of XRP becoming part of the U.S. Strategic Reserve. He also stressed the need for a diversified reserve, dismissing claims that he was trying to undermine Bitcoin.
He explained, “The opportunities are so large, there will be many winners,” suggesting a basket of cryptocurrencies rather than just one. This view doesn’t sit well with Bitcoin maximalists, who believe Bitcoin should dominate.
Amid the ongoing XRP vs. Bitcoin debate, entrepreneur Grant Cardone weighed in, saying comparing Bitcoin to XRP is like comparing Godzilla to a lap dog. He argued that XRP is a “binary bet” and would require federal inclusion, while Bitcoin, on the other hand, is an “asymmetric long-duration investment” that doesn’t need to be part of a federal reserve.
In response to these views, pro-XRP lawyer Bill Morgan pointed out the contradiction in the argument. He wrote on X (Formerly Twitter), “Let me get this right. XRP needs to be included in the crypto asset stockpile of one country even though it has been a top 10 crypto for over a decade without being in a stockpile. Bitcoin does not need to be included but its supporters have a meltdown at the mere suggestion it is not the only crypto to be included.”