Bitcoin Maximalists and XRP Supporters Engage in a Brewing Feud as BTC Advocates Spread Negative Narratives Against Ripple's Virtual Token

Analysts note a brewing feud between Bitcoin maximalists and XRP supporters after known Bitcoin advocates spread negative narratives against Ripple's virtual token.

Bitcoin maximalists and XRP supporters appear to be clashing, with known BTC advocates spreading negative narratives against Ripple’s仮想トークン.

A Ripple exec shared his thoughts on why the so-called Bitcoin maxis are trying to rip down XRP, suggesting that proponents of the first-born crypto are not in favor of a “level playing field” for cryptocurrencies.

What The Maxis Fear

Many XRP holders might be wondering why Bitcoin maxis are spreading fud against their token. But Ripple CTO David Schwartz doesn’t seem to be surprised, offering his explanation for the vocal opposition that BTC advocates are throwing at XRP.

Schwartz suggests that the Bitcoin purists are attacking XRP because they don’t want to promote an equal opportunity for cryptocurrencies, highlighting that they’re against fair competition.

“We starting pushing for a level playing field where the government doesn’t play favorites. That was always what the maxis most feared,” the crypto exec said in an X post.

We starting pushing for a level playing field where the government doesn’t play favorites. That was always what the maixs most feared.

— David “JoelKatz” Schwartz (@JoelKatz) January 25, 2025

Ripple has been advocating for the US government to adopt a national cryptocurrency reserve that does not focus only on Bitcoin. The crypto firm urged the US government to include other digital assets in the proposed reserve rather than being Bitcoin-centric.

Is XRP A Scam?

Several known Bitcoin advocates are spreading negative narratives against XRP, aiming to devalue the crypto asset because Bitcoin maxis perceive that XRP is a threat to the flagship crypto.

Among those berating XRP are prominent Bitcoin advocate Rajat Soni and Bitcoin supporter Robert Breedlove who labeled XRP as a scam, claiming that the crypto only tricked its investors.

“XRP is a psychological operation designed to trick retail investors into giving away their money by leveraging a bot army to exploit retail investor ignorance of centralization vs decentralization, the nature of money, and counterparty risk. Don’t fall for the scam,” Breedlove said in an X post.

#XRP is a psychological operation designed to trick retail investors into giving away their money by leveraging a bot army to exploit retail investor ignorance of centralization vs decentralization, the nature of money, and counterparty risk. Don’t fall for the scam.

— Robert Breedlove (@Breedlove) January 26, 2025

In his post, Breedlove even dissuaded a fellow crypto investor from getting XRP, saying, “It’s a bad idea to hold your savings in scam tokens.”

XRP is a scam.

Banks will never use XRP.

They will use some form of USD backed by Bitcoin, or just straight up Bitcoin.

Let me explain:

— Rajat Soni, CFA (@rajatsonifnance) January 17, 2025

A Threat To Bitcoin Reserve?

Another Bitcoin advocate, Pierre Rochard, who is affiliated with the Bitcoin mining firm Riot Platforms, believes that XRP could threaten the creation of the American strategic Bitcoin reserve, a point of view agreed upon by Kraken’s Bitcoin historian, Pete Rizzo.

Ripple has been pushing to incorporate other digital assets, not only Bitcoin, in the proposed crypto reserve. Ripple CEO Brad Garlinghouse said that from a diversification standpoint, a reserve that includes Bitcoin and other crypto assets makes sense — a proposal that does not sit well with the purists.

In a post, Rizzo accused the Ripple CEO of discouraging US President Donald Trump from buying Bitcoin.

However, Garlinghouse downplayed the attacks, saying that Ripple’s advocacy aims at establishing a strategic cryptocurrency reserve that is inclusive of all cryptocurrencies rather than focusing on a single crypto.

Featured image from VOI, chart from TradingView