Vandell Aljarrah, the co-founder of Black Swan Capitalist and a prominent XRP supporter, has issued a daring market forecast in terms of possible market relations between Bitcoin and XRP. Aljarrah recently posted a tweet indicating that when XRP sets new all-time highs, Bitcoin maximalists, who are firm believers in the superiority of Bitcoin, will ironically sell their BTC bags to get XRP profits.
“When XRP reaches new ATHs, Bitcoin maxis will dump BTC for XRP. I’ve seen this movie before. Classic,” Aljarrah posted. He referenced what he views as a recurring pattern in cryptocurrency market behaviour.
The prediction refers to a contentious relationship inside the crypto community, in which ideological stances tend to come into conflict with the pursuit of profit. Bitcoin maximalists are generally the people who support Bitcoin as the best cryptocurrency, and altcoins such as XRP are usually disregarded. Bitcoin Maxis also hate XRP because of its centralised approach and consider it a disgrace to decentralized ecosystem.
Nevertheless, Aljarrah’s statement is bold, and most of the Bitcoin fans don’t agree with him. A crypto user wrote in response, “The Maxis are not dumb. They know when to swap their BTC for other altcoins to make more money.” Another one wrote, “This is delusional”.
However, the price comparison between Bitcoin and XRP is not appropriate as both cryptocurrencies adopt different approaches and follow distinct paths. As per CoinMarketCap data, at press time, XRP is trading at $2.14 with an intraday drop of 4.39%, suggesting it has bearish momentum. It is trading 44% below its all-time high of $3.84.
Also Read: FOMC Meeting June 18: How will Bitcoin Price React?
