XRP has been in the crypto world for over a decade, and despite many challenges, it still stands. Recently, 10T Holdings and longtime investor founder Dan Tapiero have shaking his thoughts on XRP and praised his ability to survive in a tough, fast industry.
In an interview with Coindesk, he said: “What’s very impressive about XRP is how long it lasts, how many times it was attacked. It’s the Lindy effect. The more it exists, the stronger it becomes.”
The history of scrutiny and survival
The XRP journey was not smooth. Parent company Ripple Labs faces intense criticism and legal challenges. This has led to XRP being delisted from several major US exchanges, including a well-known lawsuit from the U.S. Securities and Exchange Commission (SEC). For a while, XRP may disappear vaguely.
However, the token did not disappear. It bounced back.
Despite being detracted, especially among Bitcoin maximalists and Ethereum loyalists, XRP retains a passionate community and continuous use cases.
ETFs and the American Edge
The recent chatter about Prussia, which launches the XRP ETF, is filled with mixed reactions in the crypto community, but has sparked new interest. Tapiero points out that while Bitcoin and Ethereum dominate the headlines, XRP carries out a unique identity and does so from the US soil. “It’s made in America, and this administration is important,” he said.
Personal connection
The Tapiero connection to XRP works deeply. His first crypto trading takes place on Bitcoin and XRP, runs through the platform, and is called BitReserve. It is now called Uphold. His gold company, Gold Brion International (GBI), was the first to allow users to trade gold for XRP and Bitcoin.
At the time, XRP was trading at one tenth. Today, it fluctuates by around $2.00 depending on the market cycle. Looking back, Tapiero admits that he didn’t fully understand XRP at the time and didn’t hold it in the long term. However, his takeout can be related to many things in the space:
“Just because you didn’t buy for 10 cents doesn’t mean you couldn’t buy for a cent or a 10 cent. If you believe something, don’t give up.”
