Ripple’s Hilarious Attempt to Sabotage Bitcoin Reserve? You Won’t Believe This!

by

So, here we are, folks. Ripple, the one that’s supposed to be all about helping out, is apparently lobbying against a Bitcoin reserve. Can you believe it? After Trump signed this executive order on January 23 to create a crypto-focused working group, suddenly everyone’s in a tizzy on X. The order doesn’t even mention Bitcoin specifically, but it’s like a neon sign saying, “Hey, let’s figure out how to keep America on top of this digital money thing.” And guess what? It’s even banning those Central Bank Digital Currencies. Because who needs those, right? 🙄

Is Ripple Really Trying to Sabotage Bitcoin?

Just before the ink dried on that executive order, Pierre Rochard, this big shot at Riot Platforms, decided to throw Ripple/XRP under the bus, calling it “the biggest obstacle” for the Strategic Bitcoin Reserve (SBR). I mean, come on! The Fed, Treasury, Elizabeth Warren? Nope, it’s Ripple! They’re tossing around millions to politicians like it’s confetti at a wedding, trying to derail this whole thing. And why? To protect their precious marketing narrative. It’s like watching a bad soap opera. 🎭

Rochard claims Ripple wants a broader “crypto reserve” that includes XRP. Because who doesn’t want a buffet of coins? And he’s not shy about calling out Chris Larsen, Ripple’s co-founder, for giving money to environmental campaigns that are basically throwing shade at Bitcoin mining. It’s like, “Hey, let’s save the planet while we’re at it!” But really, is that the game plan? 😏

Then there’s Garlinghouse, the CEO of Ripple, who jumps in and says, “Hey, you’re ignoring the President’s campaign that supports American companies!” Really, Brad? You think that’s going to fly? He claims Ripple is actually increasing the chances of a crypto reserve that includes Bitcoin. It’s like saying, “I’m helping you by sabotaging you.” 🤔

And just when you think it couldn’t get juicier, Rochard starts questioning Garlinghouse’s investment in XRP. “Brad, have you ever actually bought XRP? Or just sold?” Classic! It’s like asking someone if they’ve ever actually eaten at a restaurant they keep promoting. “Yes or no, I’m just curious!”

Garlinghouse goes silent, and Rochard doubles down, saying, “To everyone who thought Ripple wasn’t against the Bitcoin Reserve, here’s your proof!” It’s like a reality show, but with more crypto and fewer roses. He even shared a video where Garlinghouse endorses a crypto reserve instead of a strict Bitcoin one. “Right from the horse’s mouth,” he says. What a visual! 🐴

And let’s not forget about that CNBC article titled “Ripple’s Anti-Bitcoin Campaign To Promote CBDCs.” It’s like a headline from a tabloid. Chris Larsen drops $5 million to change Bitcoin’s proof-of-work protocol. All for the environment, of course! Because nothing says “I care” like throwing cash at a problem. 💸

Ryan Selkis from Messari jumps on the bandwagon, saying Ripple’s efforts are misguided. “Only Bitcoin makes sense in a reserve like this.” It’s like they’re all sitting around a table, pointing fingers and saying, “No, you’re toxic!” Meanwhile, Bitcoin is just chilling at $105,012. Talk about drama!

Read More

2025-01-24 17:42