A heated clash has erupted within the crypto community as Bitcoin maximalists and Ripple supporters engage in a bitter war of words over President Trump's suggestion of a multi-crypto reserve system. While Ripple sees an opportunity for XRP, Bitcoin advocates fiercely oppose any alternatives to Bitcoin's dominance. The feud has resulted in accusations, online attacks, and a significant drop in XRP's price.
The feud started when President Donald Trump suggested exploring a transition from a Bitcoin-centric reserve system to one embracing a broader range of cryptocurrencies.While Ripple users rallied around the proposal, seeing it as an opportunity for XRP to play a pivotal role, Bitcoin maximalists remained staunchly opposed, advocating for Bitcoin’s exclusivity on the national balance sheet.“Ripple already has clarity. Gary Gensler is already out of the SEC.
This highlights that the crypto industry, which once sought to portray a unified front after significant victories last year, is now witnessing an intense clash between two of its largest communities.The feud primarily grew when Pierre Rochard of Riot Platforms accused Ripple of pushing against the Bitcoin reserve idea and supporting a multi-crypto alternative instead.
Adding to the hostility, Bitcoin advocates Samson Mow claimed that Ripple has not yet received the level of criticism it deserves, further intensifying the divide in the crypto world.Amidst the escalating tensions between Bitcoin and Ripple supporters, XRP has been adversely affected, with its price falling to $2.76 after an 11.03% drop in the past 24 hours, according to
CRYPTOCURRENCY BITCOIN RIPPLE XRP RESERVE SYSTEM
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