Pro-crypto attorney Jeremy Hogan has spotlighted the subtle competition in the broader digital currency ecosystem

Jeremy Hogan has spotlighted the subtle competition in the broader digital currency ecosystem, specifically featuring XRP and the Bitcoin (BTC) ecosystem.

Pro-crypto attorney Jeremy Hogan has highlighted the subtle competition in the broader digital currency ecosystem, specifically featuring XRP and the Bitcoin (BTC) ecosystem.

Taking to X, the lawyer addressed members of the XRP community, urging them to “be kind to the BTC guys.” He explained that the assets have unique core ideas, which are now being threatened by external forces.

According to the attorney, Satoshi Nakamoto founded Bitcoin on the libertarian idea of self-custody. The asset was also created to provide immunity to deflation and control, among other things.

However, keeping an eye on the core focus behind Bitcoin is crucial, especially with a shift in big money control over the past few years.

Since at least 2020, there has been a massive emergence of corporate investors in the Bitcoin ecosystem. Firms like Michael Saylor’s Strategy and asset managers like BlackRock and Fidelity now have big stakes in Bitcoin. In addition, the US government now has a strategic Bitcoin reserve, following an Executive Order signed by President Donald Trump.

These adoptions are incompatible with BTC’s overall idea. In contrast, XRP was designed for mainstream economic integration.

“[The Bitcoiners] are good guys at heart, but they’ve been duped by the BTC maximalists into thinking that they’re the bad guys. BTC was designed to be apolitical and free from elite control. It’s a core concept. But that’s not what we’re seeing play out in the BTC maximalist agenda,” said Hogan.

BTC, XRP, and the Reserve Conflict

Since President Donald’s campaign months, the conversation around a strategic national Bitcoin reserve has been on the forefront. The conflict occurred earlier this month when the President announced the national crypto reserve, including XRP, Cardano, and other altcoins.

This shift sparked debate in the market, with Bitcoin Maxis kicking against the idea. The shift marked the renewed rivalry between the BTC and XRP ecosystems.

Altcoin proponents argued that the idea of a crypto reserve for the country should be representative of its technological makeup. Eventually, only a Bitcoin reserve was created, with other altcoins pitched for potential inclusion in the Sovereign Wealth Fund.

XRP ETF May Level the Playing Field

Bitcoin generally has the first-mover advantage in the crypto ecosystem, even in pioneering the exchange-traded fund (ETF) market. However, based on the US Securities and Exchange Commission’s (SEC) pro-crypto shift, other assets like XRP may eventually get an associated ETF.

Asset managers pushing for an XRP ETF product include CoinShares, Bitwise, Grayscale, and WisdomTree. BlackRock is also speculated to be eyeing the offering after the completion of the Ripple versus US SEC lawsuit.

With confirmations of advanced negotiation for the Ripple Lawsuit settlement, the prospects of the XRP ETF appear to be high. If approved, the coin may also welcome increased adoption from institutional investors to bridge the Bitcoin liquidity gap further.