Analysts note a brewing feud between Bitcoin maximalists and XRP supporters after known Bitcoin advocates spread negative narratives against Ripple’s virtual token.

An executive at Ripple explained why the so-called Bitcoin maxis are trying to rip down XRP, saying that advocates of the firstborn crypto are not in favor of a “level playing field” for cryptocurrencies.

What The Maxis Fear

Many members of the XRP might be perplexed by the negative narratives that Bitcoin maxis are spreading. However, Ripple CTO David Schwartz does not find it surprising, offering the reason behind the vocal opposition that BTC advocates are throwing at XRP.

Schwartz said that the Bitcoin purists are attacking XRP because they do not want to promote an equal opportunity for cryptocurrencies, emphasizing that they are against fair competition.

“We starting pushing for a level playing field where the government doesn’t play favorites. That was always what the maxis most feared,” the crypto executive explained in an X post.

We starting pushing for a level playing field where the government doesn’t play favorites. That was always what the maixs most feared.

— David “JoelKatz” Schwartz (@JoelKatz) January 25, 2025

Ripple has been advocating for the US government to adopt a national cryptocurrency reserve that does not focus only on Bitcoin. The crypto firm urged the US government to include other digital assets in the proposed reserve rather than being Bitcoin-centric.

Total crypto market cap at $3.4 trillion on the daily chart: TradingView.com

Is XRP A Scam?

Several known Bitcoin advocates are spreading negative narratives against XRP, aiming to devalue

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Author: Christian Encila