Lawyer and cryptocurrency advocate Bill Morgan responds to criticism XRP, voiced by representatives of the Bitcoin community, one of whom called token «a scam.» Responding to the post, Morgan called the allegations superficial.
Normal intellectual inference Bitcoin“A maximalist,” he quipped.
He also emphasized the power of community XRP, noting that it has withstood years of such accusations and a lengthy legal battle that has been a real test of strength for many.
Morgan also noted the legitimacy XRP, legal recognition, resistance to disinformation and a strong position of the token in the market.
XRP has been tested by the market for more than a decade and has proven to be a virtual currency, not a security,” Morgan wrote.
Now XRP still ranks third among cryptocurrencies with a market capitalization of $168 billion. Despite claims about the token’s exceptional characteristics, its price movements completely repeat the trajectory of Bitcoin.
The final victory should be considered as an independent catalyst for growth Ripple over the US SEC, instead of which the crypto community expects some kind of agreement between the company and the regulator. Most likely, the subsequent rally XRP will be short-term and will result in a quick correction.