The Cryptomarkt is again in turmoil and stir after a striking announcement from Donald Trump. The United States wants to set up a national strategic reserve for digital assets, which leads to much discussion within the crypto community. Especially the choice for XRP raises questions, among others with the well-known economist and crypto critic Peter Schiff.
Schiff questions XRP
Schiff understands why Bitcoin (BTC) gets a place in the reserve. After all, the digital currency is often compared to gold as a safe value storage. But XRP? He has his doubts about that. According to Schiff, the coin lacks the unique properties that make Bitcoin so popular.
Cardano founder comes to the rescue
Charles Hoskinson, founder of Cardano (ADA), responded directly to X and defended the recording of XRP in the reserve. According to him, the digital currency has some important assets: an advanced technology, a proven track record and one of the most dedicated communities in the crypto world. XRP has stopped time and time again in turbulent markets and remains an important player in the sector, says Hoskinson.
Hoskinson can also be satisfied with the plans. In addition to BTC and XRP, ADA is also mentioned as a possible candidate for the reserve.
Big impact on the market?
A national American crypto reserve can seriously shake the market. Not only would the question of the selected tokens increase, but it would also mean a shift in how Crypto is viewed worldwide. This could accelerate the adoption of digital assets and inspire other countries to construct their own national reserves. A new era for the cryptomarkt seems to be in sight.
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Source: https://newsbit.nl/cardano-oprichter-legt-schiff-uit-waarom-xrp-in-de-strategic-crypto-reserve-zit/
