In the grand theater of financial folly, where the curtains are drawn by the likes of Jason Calacanis, a prominent American angel investor with a penchant for the dramatic, we find ourselves confronted with a rather audacious claim: the Ripple-linked XRP cryptocurrency, that shimmering digital bauble, is but a plaything in the hands of a select few. 🎭
Calacanis, who once struck gold with his investment in the ride-hailing behemoth Uber, has taken to the stage to declare that XRP is nothing more than a “centralized controlled security,” a stark contrast to the wild, untamed spirit of Bitcoin. One can almost hear the gasps from the audience! 😲
In a flourish of prophetic foresight, he warned of impending “chaos” should the SEC dare to bless XRP-based ETF products with their approval. Oh, the drama! The tension! The popcorn is getting cold! 🍿
Our intrepid investor has also donned his critic’s hat, casting a skeptical eye upon the much-discussed summary judgment ruling from July 2023, which proclaimed that the sales of XRP tokens on exchanges did not constitute investment contracts. “A travesty!” he might have exclaimed, had he been a character in a Shakespearean play. 🎭
In a previous soliloquy, he lamented that the token was “obviously a security.” “It would have cost little for the Ripple team to have registered it as a security and played by the rules — like everyone else in the industry does all day long,” he quipped, channeling the spirit of a weary schoolmaster in 2023. 📚
Post-SEC lawsuit, Calacanis did not mince words, branding XRP a “disaster” destined to plummet to the depths of zero. A bold prediction, indeed! 🚀
In a twist of fate, he recently clarified that he holds no XRP or Solana (SOL) tokens, perhaps to avoid the wrath of the crypto gods. 🙏
Will Bitcoin be replaced? 🤔
Despite his long-standing affection for Bitcoin, Calacanis has cast a shadow of doubt upon its future in a recent social media post. “All technology gets replaced over time…and bitcoin will be no different,” he mused, as if pondering the fate of the floppy disk. 💾
Yet, the Bitcoin loyalists, clad in their digital armor, have rallied against such heresy, likening Bitcoin to the USB, the Internet Protocol, or the Simple Mail Transfer Protocol — stalwarts of the tech world that have endured the test of time. Will Bitcoin stand the test of time, or will it fade into the annals of history like a forgotten meme? Only time will tell! ⏳
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2025-03-16 13:49