In a recent development that has caught the attention of the XRP community, Crypto Eri, a leading voice in the space, has expressed skepticism about relying solely on Ripple for XRP’s price growth. Crypto Eri, known on Twitter as @sentosumosaba, made it clear that she doesn’t consider herself an investor dependent on Ripple’s activities to boost XRP’s price.
Unlike DAI, I don’t rely on the efforts of Ripple to build up the price of XRP. Never have, never will. Especially with accounting for single digit impact on volume. It’s surprising after surviving the SEC attack, anyone would subscribe to this reliance. https://t.co/XG2bA6qsva
— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) September 4, 2023
Crypto Eri’s tweet comes as a counterpoint to Digital Asset Investor, another influencer in the community, who has been vocal about his trust in Ripple’s initiatives. The discourse also includes Bill Morgan, a legal expert and XRP supporter, who has weighed in on the matter.
Digital Asset Investor shared his reasons for investing in XRP, mentioning the claims attributed to Ripple, such as the potential for XRP to become a world reserve currency and the possibility of Ripple replacing SWIFT. He also suggested that XRP could serve as a hedge against financial crises. These claims point to Ripple’s potential to bring about significant changes in the global financial landscape.
However, Crypto Eri and other notable figures like Bill Morgan disagree. Morgan, who tweets under the handle @Belisarius2020, responded, “You expect profits from the efforts of Ripple”.
You expect profits from the efforts of Ripple. https://t.co/oF7VbAcxrN
— bill morgan (@Belisarius2020) September 3, 2023
Crypto Eri expressed surprise that investors would still pin their hopes on Ripple, especially after the company’s lengthy legal battle with the SEC to establish XRP’s status as a non-security. She concluded her remarks by stating, “It’s surprising, after surviving the SEC attack, anyone would subscribe to this reliance”.
Further, elaborating on her stance, Crypto Eri mentioned that Ripple is one of hundreds, if not thousands, of companies that would utilize XRP and the XRP Ledger (XRPL). Bill Morgan supported this view by sharing a court document. Ripple agreed that XRP’s value depends on retail speculation and the promise of developments on the XRPL.
The debate among XRP community influencers suggests diversified perspectives on investment strategies. While Ripple’s initiatives are undoubtedly significant, they may not be the sole drivers of XRP’s price growth. Investors are advised to consider multiple factors, including the broader ecosystem of companies interacting with XRP and the XRPL.
