XRP, one of the most well-known cryptocurrencies, continues to survive in a competitive and critical environment. Recent comments from investor Dan Tapiero highlight how important this cryptocurrency is to the community.
A History of Scrutiny and Survival
XRP's journey has not been easy. Its parent company, Ripple Labs, has faced fierce criticism and legal challenges, particularly a high-profile lawsuit from the U.S. Securities and Exchange Commission (SEC). This resulted in XRP being delisted from several major U.S. exchanges. Nevertheless, despite detractors, especially among Bitcoin maximalists and Ethereum loyalists, XRP has retained a passionate community and ongoing use cases.
ETFs and the American Edge
Recent chatter about ProShares launching XRP ETFs has sparked fresh interest, although opinions in the crypto community are divided. Tapiero pointed out that while Bitcoin and Ethereum dominate headlines, XRP is carving out a unique identity—and doing so from U.S. soil. 'It’s made in America. And with this administration, that matters,' he said.
A Personal Connection
Tapiero has a deep connection to XRP. His first crypto trades were in Bitcoin and XRP, conducted via a platform then called BitReserve, now known as Uphold. His gold firm, Gold Bullion International (GBI), was the first to let users trade gold for XRP and Bitcoin. Looking back, XRP may have traded at a tenth of a cent, but today it fluctuates around $2.00. Tapiero admits he didn’t fully understand XRP at the time and didn't hold onto it long-term. But his takeaway reflects sentiments of many in the space: 'Just because you didn’t buy it at a tenth of a cent doesn’t mean you couldn’t buy it at one cent or ten cents. If you believe in something, never give up on it.'
XRP continues to be an important player in the cryptocurrency market, enduring the harsh tests of time while maintaining its community. Expert opinions, like those of Tapiero, affirm that faith in technology can pay off.
