
XRP endures SEC battles and criticism, gaining strength over a decade with loyal support and real-world use cases.
XRP ETF rumors and U.S. origin give the token renewed relevance, says early investor Dan Tapiero in a CoinDesk interview.
XRP has been in the crypto world for over a decade, and despite many challenges, itโs still standing. Recently, Dan Tapieroโfounder of 10T Holdings and a long-time investorโshared his thoughts on XRP, praising its ability to survive in a tough and fast-changing industry.
In an interview with CoinDesk, he said that, โOne very impressive thing about XRP is just how long it’s lasted, how many times it’s come under attack. Itโs the Lindy effectโthe longer it exists, the stronger it becomes.โ
A History of Scrutiny and Survival
XRPโs journey has been anything but smooth. Its parent company, Ripple Labs, has faced fierce criticism and legal challenges, including a high-profile lawsuit from the U.S. Securities and Exchange Commission (SEC) that resulted in XRP being delisted from several major U.S. exchanges. For a time, it looked like XRP might fade into obscurity.
But the token didnโt disappear. It bounced back.
Despite detractors, particularly among Bitcoin maximalists and Ethereum loyalists, XRP has retained a passionate community and continued use cases.ย
ETFs and the American Edge
Recent chatter around ProShares launching XRP ETFs has sparked fresh interest, though it’s met with mixed reactions in the crypto community. Tapiero points out that while Bitcoin and Ethereum dominate headlines, XRP is carving out a unique identityโand doing so from U.S. soil. “Itโs made in America. And with this administration, that matters,” he said.
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A Personal Connection
Tapieroโs connection to XRP runs deep. His first crypto trades were in Bitcoin and XRP, executed via a platform then called BitReserveโnow known as Uphold. His gold firm, Gold Bullion International (GBI), was the first to let users trade gold for XRP and Bitcoin.
Back then, XRP traded at a tenth of a cent. Today, it fluctuates around $2.00 depending on market cycles. Looking back, Tapiero admits he didnโt fully understand XRP at the time and didn’t hold onto it long-term. But his takeaway is one many in the space can relate to:
“Just because you didnโt buy it at a tenth of a cent doesnโt mean you couldnโt buy it at one cent, or ten cents. If you believe in something, never give up on it.”
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