US Authorities Urged to Choose XRP Over Bitcoin
Joshua Dalton, the founder of the IT company Triblu LLC, believes that the US government cryptocurrency fund should consider including XRP rather than Bitcoin. He argues against BTC’s inclusion due to the anonymous creator of Bitcoin, which he believes makes it susceptible to market manipulation, potentially even by countries like China, which is seen as a major rival to the United States. In contrast, Dalton views XRP as a safer and more reliable investment option, primarily because Ripple, the issuer of XRP, operates legally within the United States. However, it is essential to note that the Securities and Exchange Commission has accused Ripple of violating securities laws, and a legal dispute between the regulator and the creator of XRP is still ongoing.
Dalton believes that Ripple, unlike Satoshi Nakamoto, the anonymous creator of Bitcoin, has the potential to pay off the US national debt, making it a more attractive investment opportunity. He goes on to suggest that investors in XRP could potentially accumulate vast wealth, far surpassing Bitcoin owners, especially as prominent figures like MicroStrategy CEO Michael Saylor continue to aggressively accumulate Bitcoin holdings.
On January 23, US President Donald Trump issued an order to form a working group tasked with creating a digital asset reserve. The specific cryptocurrencies to be included in this fund have yet to be determined. However, the inclusion of XRP in the list of reserve currencies remains a possibility, especially given Ripple’s presence in the United States. Additionally, Trump’s previous campaign promises suggest that Bitcoin will also likely have a place in the state cryptocurrency fund.
Yuri Skvortsov, a crypto investor since 2012, shared his perspective on the developments. He expressed initial belief in the potential of Bitcoin but shifted his focus to ether trading following losses in 2018. Since then, trading ETH has become an engaging hobby for Skvortsov.
In conclusion, while the debate around including XRP in the US government cryptocurrency fund continues, Joshua Dalton’s arguments highlight the potential advantages of XRP over Bitcoin in terms of legality, security, and potential returns. The ongoing legal battle between Ripple and the SEC underscores the complexities surrounding these digital assets and their regulatory environment. With the evolving landscape of cryptocurrency investments, the decision on which assets to include in the digital asset reserve will have significant implications for the future of the US cryptocurrency market.
