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Sujit Kumar
Jan 28, 2025

Ripple CEO Opposes Bitcoin Reserve, Advocates for Multi-Token Approach

Ripple CEO Opposes Bitcoin Reserve
Ripple CEO Brad Garlinghouse has voiced strong opposition to the creation of a Bitcoin-exclusive strategic reserve, arguing that such a reserve should reflect the broader crypto industry rather than favoring a single token.

Garlinghouse Pushes for a Multi-Token Reserve

Garlinghouse emphasized that XRP should be included in any digital asset reserve, along with other major cryptocurrencies. He reaffirmed his support for a multi-chain ecosystem, stating, "I own XRP, BTC, and ETH among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field, instead of one token versus another."

Bitcoin vs. XRP: A Growing Divide

The long-standing tension between Bitcoin maximalists and XRP supporters has escalated recently. Critics accuse Ripple of lobbying against a national Bitcoin reserve, labeling the company as a major obstacle to the initiative.

Bitcoin advocate Pierre Rochard, VP of research at Riot Platforms, dismissed Ripple as a "failed company" seeking a bailout, while Michael Goldstein of the Satoshi Nakamoto Institute accused Ripple of running anti-Bitcoin propaganda campaigns.

Will the U.S. Establish a Bitcoin Reserve?

Despite the controversy, the idea of a U.S. Bitcoin reserve remains a hot topic. Current estimates place the likelihood of a national Bitcoin reserve being created in 2025 at 55%, fueling further debate over the role of digital assets in the financial system.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Ripple CEO Opposes Bitcoin Reserve, Advocates for Multi-Token Approach
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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