- Ripple CEO Brad Garlinghouse led to discussion in the midst of the increasing tensions between bitcoin and XRP supporters.
- XRP was confronted with a price decrease in the midst of a market drop and escalating internal disputes within the crypto community.
Ripple [XRP] CEO Brad Garlinghouse recently expressed his opinion about the growing disagreement between Bitcoin [BTC] Enthusiasts and XRP supporters, a gap that has the crypto community in its grip.
De Vege began to investigate a transition from a Bitcoin -oriented reserve system to a system that includes a wider range of cryptocurrencies.
This fed speculation and increased the tensions between the two camps.
While Ripple users supported the proposal and saw it as an opportunity for XRP to play a crucial role, Bitcoin-Maximalists remained strongly opposed and argued for the exclusivity of Bitcoin on the national balance.
The CEO of Ripple and the crypto community
When he saw this increasing tension, the CEO of Ripple said: Brad Garlinghouse Went to X and noticed with a touch of sarcasm:
“Slow weekend, has something exciting happened?”
This led to further discussion, in which many X users participated.
For example, a user said,
“Ripple already has clarity. Gary Gensler is already out of the sec. The new chairman of the SEC is Pro-Crypto. Why is the case not yet dismissed ??? Come on Bram. ”
Adding to the fight was Pierre RochardVP research at Riot platforms, who said:
“You want the government to buy XRP, and yet Ripple is a mass seller of XRP? With all due respect, walk the way if you want to have any credibility.
This emphasizes that the crypto industry, which once tried to portray a united front after important victories last year, is now witnessing an intense collision between two of its largest communities.
What caused the conflict?
The feud grew especially when Pierre Rochard of Riot Platforms accused of resisting the Bitcoin reserve idea and instead supporting a multi-crypto-alternative.
And when Garlinghouse seemed to confirm these claims, this led to indignation among Bitcoin-Maximalists, who support a Federal Reserve that only applies to Bitcoin.
Managers weigh
Strike founder Jack Mallers accused Ripple to jeopardize the American ‘prosperity’ and ‘freedom’ by his lobbying efforts, while Brady Swenson of Swan Bitcoin XRP took out as a ‘centralized scam’.
As a supplement to hostility, Samson Mow, in favor of Bitcoin, claimed that Ripple has not yet received the level of criticism that it deserves, which further increases the gap in the crypture world.
He said,
Impact on the price of XRP
In the midst of the escalating tensions between bitcoin and ripple supporters, XRP has been negatively influenced: the price has fallen to $ 2.76 after a decrease of 11.03% in the last 24 hours, according to Mint market cap.
However, this decrease can also be attributed to the wider decline on the cryptocurrency market, which has seen a decrease of 7.11% in the global market capitalization for crypto currency. to stand For $ 3.35 trillion.
In conclusion, internal disputes in combination with market volatility have created a challenging environment for XRP, making the price movements uncertain.