Patrick Bet-David, an entrepreneur and financial analyst, recently discussed his cryptocurrency investments. He revealed that XRP is only a minor portion of his portfolio. For every ten units of Bitcoin he owns, he holds one unit of XRP, and his Ethereum holdings are three times greater than his XRP investment. He stressed that he does not favor any particular cryptocurrency and bases his choices solely on market trends and business reasoning.
The X poll from Patrick stated, that the poll with 179,000 votes, put XRP on top again at 44%, with Bitcoin at 35% and Ethereum at 9%. Entrepreneur Gary Cardone retweeted the post mocking Patrick, stirring the pot further.
In a recent conversation, where replying to Patrick, Gary posted the same poll asking people to pick one asset—XRP, Bitcoin, Solana, or the U.S. dollar—to sink $10 million into before disappearing for eight years. XRP took the lead with a striking 67% of the 23,000 votes, leaving Bitcoin trailing at 30%. Oddly, the poll vanished later, and no one knows why.
Shifting from his holdings, Bet-David pointed to Ripple’s traction in the financial world. More than 300 institutions, including heavyweights like Bank of America and American Express, have tapped into RippleNet. While crypto purists often fixate on decentralization, he observed that big players in finance are warming up to Ripple’s tech, particularly as central bank digital currencies gain ground.
In 2020, the U.S. Securities and Exchange Commission (SEC) initiated legal action against Ripple, claiming that its cryptocurrency, XRP, was being offered as an unregistered security. A court ruling in 2023 determined that XRP was not considered a security when traded on public exchanges, but it was classified as a security when sold directly to institutional investors.
The SEC contested this ruling by filing an appeal in late 2024, and the case remains unresolved. In November 2024, speculation arose that SEC Chair Gary Gensler might resign by early 2025, prompting some to believe that the case could be resolved by mid-2025.
The idea of XRP overtaking SWIFT—the global payment network handling $5 trillion daily—also came up. Some predict that grabbing even 10% of SWIFT’s flow could send XRP’s price to $100, or as high as $1,000 if it fully takes over. Bet-David, though, isn’t sold, noting that such rosy forecasts often come from XRP’s cheerleaders.
Caught between legal fights, institutional interest, and sky-high predictions, XRP continues to spark heated discussion in the crypto sphere.
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