Bitcoin Maximalist Challenges XRP’s Role in U.S. Strategic Reserve

Samson Mow, the CEO of JAN3, has consistently been a vocal advocate for Bitcoin, and recently, he’s reignited discussions surrounding the U.S. government’s potential digital asset reserve.

Mow is adamant that Bitcoin is the only cryptocurrency that should be considered for such a reserve. He has also been very outspoken in his criticism of Ripple, particularly XRP, which he believes is unworthy of such recognition.

His comments come in the wake of ongoing debates about which assets might qualify for inclusion in a reserve designed to stabilize the U.S. economy’s digital assets. Mow took to social media to voice his displeasure with Ripple, reiterating his belief that XRP, along with other altcoins, is an unfit candidate.

He has consistently argued that companies behind these tokens have been creating massive supplies of them with minimal effort, undermining the overall credibility of the crypto market.

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In a tweet, Mow urged others to take a closer look at XRP, warning that there are more reasons to oppose the token than most are willing to admit. According to him, Ripple’s founders have essentially “printed” billions of tokens out of nothing, a practice he deems reckless. He views the potential inclusion of XRP in any government-backed reserve as an inappropriate move that would essentially endorse such practices.

While Mow has been firm in his stance, others, like Charles Hoskinson from Cardano, have expressed similar views on Bitcoin’s role in the reserve. However, Hoskinson has stayed away from criticizing Ripple outright, despite working with the company on other projects. This complex web of relationships reflects the diverse perspectives within the cryptocurrency community, even when leaders agree on broader issues.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.