The Great XRP Debate: Much Ado About Nothing 🤠

Well butter my biscuit and call me surprised! Wall Street’s very own Fred Krueger—who apparently traded arbitrage for breakfast and has a Ph.D. in Fancy Math from Stanford—has gone and ruffled the feathers of the XRP faithful by declaring their beloved token about as useful as a screen door on a submarine. 🚢💨

Now, Fred here, who’s as subtle as a sledgehammer, says that merely hoarding XRP like it’s the last bag of peanuts at a ballgame doesn’t count as “using” it. Well, I reckon that depends on your definition of “use.” Some folks use XRP to buy meme coins—now that’s what I call utility! Others send it cross-border like digital carrier pigeons. 🚀🐦

Meanwhile, in XRP Land… 🌈

Not to be outdone, the XRP brigade came charging in like knights defending a castle made of hopes and dreams. Matt Hamilton—former Ripple bigwig—chimed in saying he just sent XRP to help a buddy overseas. “Cheapest, fastest, easiest!” he crowed. Well, Matt, I once sent a friend a JPEG of a monkey, but I ain’t calling that the future of finance. 🐵🖼️

Others pointed out folks using XRP Ledger for NFTs and meme swaps. Fred, naturally, scoffed—mostly because Bitcoin maximalists look at altcoins the way a cat looks at a cucumber. 😼🥒

The Cold Hard Truth (Or Just Cold Feet?) ❄️

Now, daters back in 2020 found that 96% of XRPL transactions had all the economic value of Monopoly money. Banks? They ain’t touchin’ it. Ripple’s still flogging XRP as a “bridge asset,” but bridges are only useful if folks actually cross ’em. 🏗️🚷

Fred’s been bearish on XRP longer than a hibernating grizzly. Earlier this year, he laughed off the notion of putting XRP in Uncle Sam’s treasure chest. “Strategic reserve?” More like strategic reserve for clowns, he might say. 🤡💎

In January, he lumped XRP in with Chainlink and Cardano as “the most ridiculous tokens”—which, coming from a Bitcoin diehard, is like McDonald’s calling Taco Bell unhealthy. 🍔🌮

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2025-07-27 11:13