 ▲ XRP and FTX Claims / ChatGPT-Generated Image |
Adam Livingston, a Bitcoin (BTC) advocate and author, has reignited a long-standing conflict within the crypto community by launching a scathing attack, stating, “I would rather own FTX bankruptcy claims than hold XRP.”
The Crypto Basic reported on March 6 (local time) that prominent Bitcoin maximalist Adam Livingston expressed extreme distrust of XRP through his X (formerly Twitter) account. Livingston said, “I would rather hold $100,000 worth of FTX repayment claims than $100,000 worth of XRP,” directly rejecting XRP’s long-term value proposition. He has previously compared XRP to department store reward points such as “Kohl’s Cash,” maintaining his stance that all assets other than Bitcoin will ultimately lose their value.
Citing historical price data, Livingston argued that XRP’s returns have been significantly inferior to Bitcoin’s. He noted that while XRP remains near its January 2018 level of around $3.02, Bitcoin has surged more than 600%, from $17,000 to $120,000. He particularly emphasized that XRP fell more than 70% from its all-time high this February, asserting that the likelihood of the asset reclaiming its former glory is slim. His core argument is that “everything against Bitcoin ultimately trends to zero.”
XRP supporters immediately pushed back against these aggressive remarks, questioning why Bitcoin maximalists display such strong hostility toward XRP. One community member commented, “I wonder why XRP feels like such an extreme threat to Bitcoin supporters,” pointing to the deep-rooted ideological clash between the two camps. XRP advocates counter that while Bitcoin serves as a store of value, XRP functions as practical financial infrastructure for global payments and liquidity provision, making the investment thesis fundamentally different.
XRP supporters, including crypto educator Edoardo Farina, argue that XRP could have greater upside potential than Bitcoin due to its lower price and expanding use cases. Their reasoning is that assets with relatively smaller market capitalizations can generate larger percentage gains during bull markets. While the Bitcoin camp views Bitcoin as the only truly decentralized asset and the foundation of finance, the XRP camp defines XRP as a core tool of the next-generation financial system, with both sides remaining firmly divided.
This conflict between Bitcoin and XRP supporters is considered one of the longest-running debates in the crypto industry. Beyond simple price competition, there are fundamental differences in technological vision and perceived market roles. The market is watching closely to see how sharp criticisms from figures like Livingston may influence investor sentiment. Ultimately, the positions each asset will occupy in the evolving crypto economy are likely to be determined by tangible adoption metrics and progress toward institutional integration.
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