After observing the enthusiasm that Ripple is generating in the XRP market, trader and influencer David Battaglia launched a series of negative comments on central bank (CBDC).
“XRP is excrement that the Ripple company uses to dump tokens in order to finance the construction of the CBDCs that are going to enslave you, son,” said Battaglia, responding to a mention made by a follower. saying that Ripple currency was better than Bitcoin (BTC).
Battaglia’s message immediately sparked a debate on the social network, in which a series of tweets were published where criticism of XRP rained down. A large majority of the messages supported the idea of the influencer, although some reported “a certain usefulness” of the token.
#XRP It is excrement that the Ripple company uses to dump tokens in order to finance the construction of the CBDCs that are going to enslave you, son. https://t.co/HBeCoZNv8T
— David Battaglia (@DBATTAGLIAYtube) December 3, 2024
In that sense, the trader reiterated an idea that he has expressed on other occasions, when he predicted that XRP would possibly rise in price due to FOMO (fear of missing out) that would drive purchases. He maintains in this regard that “it is okay” to take advantage of these situations “to speculate” and trade.
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«I agree, as long as fiat continues to exist, this currency can have a lot of upside potential. And the more it goes up, the more BTC you can acquire with it. It’s the move to make. “Just like with memes and shitcoins, which are going to rise ridiculously,” express the user identified as Nicolás Alarcón. This, while others focused on the use of the Ripple platform for the CBDC issuance.
These people are referring specifically to the Ripple CBDC platform, launched by Ripple Labs in 2023 with the aim of allowing governments, central banks, financial institutions and other state entities to issue their digital currencies.
This is a launch that has raised many questionsto the point that the trader and market analyst Jaime Merino rated XRP as “the Judas of cryptocurrencies.” He said this a few months ago, shortly after learning of Ripple’s victory in its legal conflict with the United States Securities and Exchange Commission (SEC). In this way, it is thought that Ripple’s actions go against the prevailing philosophy in the Bitcoin ecosystem, opposition to the state monopoly in monetary issuance.
As CriptoNoticias has reported, Ripple’s move is seen among the community as an action in support of a type of currency that States are preparing as a path to compete with bitcoin and keep control of the money. It involves the digitization of fiat money, so it will be a centralized asset constantly supervised by government agencies.
At this point, some followers of Battaglia consider that the arrival of CBDCs will be inevitable. «It is one thing to be against CBDCs (I am) and another thing to think that you can avoid it. If you know which company is going to be dominant in the CBDC sector and that NO ONE can stop it, do you stay aside or take advantage of the opportunity? said the user @HustlerShib.
This justified the fact that a large number of small investors are now very interested in XRP. They take advantage of the Cryptocurrency issued by Ripple Labs increased above 86% and managed to overcome a key resistance in the $2 area, a level that has not been seen since January 2018.
Thanks to this good performance, XRP is positioned as the third most valuable cryptocurrencyto the market. In the midst of the rise, some 30,000 wallets They were created in a single day inside XRP Ledger (XRPL).
Although in the thread generated by Battaglia’s criticism there were those who assured waiting for the bubble to burst. For the trader, those behind Ripple “are our enemies” and he cites the payment of a campaign of more than millions of dollars to the Greenpeace organization, in order to “demonize bitcoin.”
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