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XRP is ‘Better Version of Bitcoin,’ Says Ripple Co-Founder Chris Larsen
In a recent episode of the “When Shift Happens” podcast, Ripple co-founder Chris Larsen shed light on the origins and purpose of XRP. In his candid remarks, Larsen explicitly stated that XRP was designed to be a better version of Bitcoin. According to him, this vision was shaped in collaboration with a group of highly intelligent individuals who aimed to build a digital currency that surpasses Bitcoin’s limitations while maintaining its core values.
Larsen criticized rival projects that lack consistency and engage in unpredictable behavior, such as constant changes in direction or surprise token burns. He emphasized the importance of predictability in building a successful cryptocurrency, warning against impulsive decisions that can damage investor trust.
The Ripple co-founder took a moment to praise the XRP community for their unwavering commitment to the project. He drew parallels with Bitcoin’s loyal following, stating that both communities demonstrate remarkable resilience in the face of adversity. However, Larsen expressed hesitation regarding the Ethereum community’s capacity for long-term dedication, leaving room for interpretation and sparking debate.
Regarding public listings, Larsen criticized the bureaucratic process companies must navigate when listing on U.S. stock exchanges. He also warned about the influence of short-sellers on the market, claiming they spread misinformation to drive down stock prices. These comments align with Ripple President Monica Long’s earlier statement that the company has no immediate plans for a public offering, hinting at broader frustrations with regulatory hurdles.
It is worth noting that Larsen hinted at the potential for ETFs (Exchange-Traded Funds) to drive up XRP’s value in 2025 if approved by regulators. With Bitcoin experiencing overpricing, investors may seek alternatives like XRP to mitigate risk exposure.
Source: coinpedia.org
