| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107266.5600000000 |
| ETH | $2491.6010000000 |
| BNB | $658.2816300000 |
| XRP | $2.2310740000 |
| ADA | $0.5716139000 |
| SOL | $154.0709000000 |
| DOGE | $N/A |
| DOT | $3.3926900000 |
| LTC | $86.5678000000 |
| LINK | $13.3116600000 |
Category: CRYPTO NEWS
The post ‘If it isn’t Clear Yet, XRP Actually is a Threat to Bitcoin’ Pundit appeared on BitcoinEthereumNews.com. A prominent market commentator has insisted that XRP is actually a threat to Bitcoin’s dominance in the cryptocurrency market. This bold suggestion came from Charles Shrem, the notable crypto YouTuber and market analyst behind the Blockchain Backer crypto account, who has, over the years, expressed his bullish stance on XRP. Notably, his recent comment comes at a time when XRP is still struggling to keep up with Bitcoin’s recent uptrend. Bitcoin Outpaces XRP This Year For context, after XRP gained 222% against Bitcoin from November 2024 to January 2025, it witnessed a massive collapse from February 2025. Notably, since February, XRP has crashed over 39% against Bitcoin. This is due to the fact that while BTC has seen new ATHs since February, XRP has mostly consolidated around $2. Despite this prevalent pattern, market commentators like Shrem believe XRP has the potential to threaten Bitcoin’s dominance. In his latest commentary, he highlighted in a straightforward manner for the first time that XRP is a threat to Bitcoin, to clarify his position to the general public. XRP a Threat to Bitcoin? It bears mentioning that while Shrem had in the past hinted at this position, this is the first time he is boldly declaring it directly. For instance, following Donald Trump’s January 2025 executive order to explore the creation of a “digital asset stockpile,” Shrem suggested that Bitcoiners perceived XRP as a threat. Specifically, Trump ordered that a team explore the appropriate avenue to create a “digital asset stockpile” instead of a “Bitcoin reserve.” While this triggered concerns among Bitcoin proponents, most of them directed their frustration to XRP, claiming Ripple CEO Brad Garlinghouse had advocated for the inclusion of XRP. This antagonism persisted despite the executive order having no mention of XRP. In response, Shrem suggested that the reason Bitcoin maximalists…
2025-06-29T03:35:29+00:00