Ripple CTO Triggers Unorthodox Bitcoin (BTC) Opinion Poll

in #ct11 months ago

Unsurprisingly, the comments that trailed the post show people are not as optimistic about Bitcoin as they are about XRP, the digital currency associated with Ripple Labs — where David Schwartz is a prominent member. While some of Schwartz's followers resounded that they would smash Bitcoin, a good number said they would convert to XRP and HODL.

Notably, social media is not a good indication of true investor behavior as many people’s comments are tailored to drive engagement where possible. The Bitcoin (BTC) opinion post came after a weekend of debate, in which the Ripple CTO defended Bitcoin’s honor against claims from comedian Owen Benjamin, who posited that the coin is a decentralized Ponzi scheme.

Bitcoin remains the most established digital currency, and current indications point to the fact that more people are waiting for a BTC ETF product to go all out on the asset.

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