Prominent American angel investor Jason Calacanis expressed doubts about the decentralization of the XRP cryptocurrency. He also shared his thoughts on the future of Bitcoin.
Criticism of XRP
Jason Calacanis is convinced that the XRP cryptocurrency is controlled by just a few individuals, contradicting the principle of decentralization. Previously, he argued that XRP was a 'centralized controlled security,' unlike Bitcoin. Calacanis also predicted 'chaos' if the SEC ended up approving XRP-based ETF products. He was also critical of the summary judgment ruling from July 2023, which stated that sales of XRP tokens on exchanges did not constitute investment contracts. 'It would have cost little for the Ripple team to have registered it as a security and played by the rules,' he noted back in 2023.
Opinions on Bitcoin's Future
Despite being a long-time Bitcoin investor, Calacanis questioned the long-term viability of Bitcoin. 'All technology gets replaced over time…and bitcoin will be no different,' he said. However, some Bitcoin proponents have rejected such an idea, claiming that Bitcoin is comparable to USB or the Internet Protocol, which have lasted for a long time after achieving dominance.
Denial of XRP and Solana Ownership
Calacanis recently clarified that he does not own any XRP or Solana (SOL) tokens.
Despite criticisms of XRP and doubts about Bitcoin's future, Jason Calacanis' opinion remains indicative for analyzing the current situation in the cryptocurrency market.
