TL;DR
- Peter Brandt apologized for past XRP criticism, praising the asset’s supporters and adopting a more bullish outlook.
- Last year, former critic Charles Hoskinson expressed regrets for previous clashes with the XRP Army and proposed collaboration with Ripple on future projects.
‘I Admit My Rudeness’
Ripple’s XRP is among the widely recognized cryptocurrencies, boasting a vast network of supporters – investors, advocates, and coders – numbering in the millions. Yet, this digital asset has its detractors as well. One of these skeptics was seasoned trader Peter Brandt.
In November 2020, just prior to the US Securities and Exchange Commission (SEC) filing a lawsuit against Ripple, he asserted that the token would have been classified as a security had the SEC possessed a comprehensive understanding of cryptocurrencies.
Brandt persisted with his critical stance on XRP over the subsequent years. Last May, he foresaw that the XRP/BTC chart was trending towards no value.
Recently, however, he’s become more lenient in his views, predicting optimistic price predictions for Ripple’s native token. Additionally, he expressed regret to the XRP community for his previous remarks:
Offering an olive branch to XRP owners: Take it if you choose, decline it if necessary, but I extend it with a sincere motive. Throughout the years, I’ve been quite critical of you and your XRP holdings. I acknowledge my past harshness.
Brandt clarified why he was skeptical by pointing out that the asset’s price had frequently plummeted over the years, with losses ranging from 80%, 90%, up to a staggering 97% compared to Bitcoin, which he views as the benchmark for wealth storage.
The trader observed that supporters of XRP continued to commend the asset, even during significant market downturns. “I admire this persistence,” he said. “I am delighted by your current achievements.
In summary, Brandt expressed his hope for the success of all XRP investors. As a trader, he has always placed his trust not in any specific asset, but rather in an strategy focused on minimizing losses and allowing for lucrative transactions.
He firmly maintains the conviction that consistently investing in assets which could potentially drop by 80% or more compared to a more secure asset, is not a sensible approach to accumulating wealth. This is what he asserts.
Hoskinson’s Reaction
Among those who took note of Brandt’s alibi was Charles Hoskinson, the founder of Cardano. Notably, he had previous disputes with the XRP Army. In 2022, for instance, he publicly criticized the community for being “toxic and petty.
In November 2024, however, he issued an apology for his critical remarks about XRP. He also envisioned the potential for collaboration between the Cardano and Ripple systems.
I’m excited about exploring methods to construct partnerships, similar to how we’re partnering within the Bitcoin community. There are numerous possibilities for collaboration that I can envision, ranging from Midnight interoperability with Ripple to potentially contributing to the development of the stablecoin being created in the Ripple ecosystem.
Read More
- FARTCOIN PREDICTION. FARTCOIN cryptocurrency
- SUI PREDICTION. SUI cryptocurrency
- Excitement Brews in the Last Epoch Community: What Players Are Looking Forward To
- The Renegades Who Made A Woman Under the Influence
- RIF PREDICTION. RIF cryptocurrency
- Smite 2: Should Crowd Control for Damage Dealers Be Reduced?
- Is This Promotional Stand from Suicide Squad Worth Keeping? Reddit Weighs In!
- Epic Showdown: Persona vs Capcom – Fan Art Brings the Characters to Life
- Persona Music Showdown: Mass Destruction vs. Take Over – The Great Debate!
- “Irritating” Pokemon TCG Pocket mechanic is turning players off the game
2025-01-14 20:45