Davinci Jeremie, a long-time Bitcoin advocate, has reaffirmed his belief that Bitcoin will ultimately outperform XRP

Davinci Jeremie, a long-time Bitcoin advocate, has reaffirmed his belief that Bitcoin will ultimately outperform XRP

Long-time Bitcoin advocate, Davinci Jeremie, has maintained his belief that Bitcoin will outperform XRP despite acknowledging the potential for substantial price movement in the latter.

In a recent video on X, Jeremie discussed the possibility of XRP reaching the $24 target he had previously mentioned. However, he emphasized that this scenario might not unfold, adding, "I'm not saying that it would, but there's a good chance."

This potential, Jeremie explained, stems from what he perceives as increasing support for XRP among U.S. officials. While declining to name names, his comments suggest that institutional interest might be positioning the asset for greater prominence.

Despite recognizing XRP's potential, Jeremie advised against investing in it. Criticizing it as a "banker coin," he explained that the digital asset ultimately supports the same financial institutions which, in his opinion, steal from the public and receive bailouts when they make errors.

"Sell your XRP. Buy Bitcoin," Jeremie concluded.

Is Bitcoin Better Than XRP?

Jeremie's loyalty to Bitcoin stands in contrast to recent performance data which favors XRP. Over the past five years, the digital asset has delivered a return of over 750%, in comparison to less than 160% for Bitcoin during the same period. While Bitcoin remains the dominant asset by market capitalization, its slower growth rate has been noted by those tracking long-term gains.

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In addition to outperforming Bitcoin, XRP has also outperformed Ethereum for five consecutive months. This consistency has brought greater attention to the token among traders and analysts, despite the narrative that frames it as a tool of the banking system.

This criticism from Jeremie is related to broader ideological differences that have divided the crypto community. For Bitcoin maximalists like Jeremie, decentralization is paramount, and any asset perceived to enable traditional financial institutions is viewed with skepticism. However, the notion that the asset is centralized has been corrected multiple times, with Chief Technology Officer (CTO) at Ripple, David Schwartz, interjecting to end the misinformation. Despite this, many Bitcoin maximalists still criticize XRP and its community, instead of working together to grow the broader crypto market.

The growing interest in XRP from institutions has brought more credibility to the token. While Jeremie warns against supporting institutions he believes act against the public interest, many see the digital asset's use case as a pragmatic solution to inefficiencies in global finance, and its rapid adoption shows the interest of the population.

This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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