Ripple Lawyer: Bitcoin Holds No Significant Advantage Over XRP

Attorney Bill Morgan, a well-known supporter of Ripple, has dismissed claims that the recent release of XRP from escrow negatively impacts its price. On the contrary, he emphasized that Ripple’s cryptocurrency has strong attributes, including predictable supply and other mechanisms that support market stability.

Bitcoin Maximalists Target XRP After Escrow Release Following the settlement of the legal battle between Ripple and the SEC, XRP has once again become a focal point — attracting criticism from Bitcoin maximalists. They argue that releasing XRP from escrow accounts could harm its price. Morgan countered by noting that Ripple CEO Brad Garlinghouse had previously explained that escrow ensures market trust and supply stability, rather than exerting downward pressure on the price. “Even after eight years, it’s clear that releasing XRP from escrow is not a relevant explanation for significant price movements,” Morgan wrote. He added that even the SEC had previously described escrow as a measure intended to support the altcoin’s price, not suppress it.

Arguments Over “Central Issuance” and Morgan’s Response One critic labeled XRP as “100% centrally issued before network launch,” claiming this undermines its value. Morgan replied that this simply means a fixed supply — a feature that Bitcoin maximalists themselves praise as a hallmark of “hard money.” According to Morgan, this characteristic is just as positive for XRP as it is for Bitcoin. When another critic pointed out that BTC has production costs tied to mining and no issuer, Morgan argued that this alone does not make Bitcoin a superior cryptocurrency.

No Advantage for Bitcoin Over XRP Morgan examined the qualities of so-called hard money — durability, scarcity, divisibility, security, stability, and resistance to manipulation — and concluded that Bitcoin has no significant overall advantage over XRP in these areas. In fact, he claims that Ripple’s altcoin offers greater utility compared to Bitcoin, such as faster transactions and broader use cases.

Possible Race for XRP Treasury The lawyer believes that resolving the lawsuit could pave the way for corporate interest in XRP Treasury, potentially strengthening its market position. At the time of writing, XRP was trading around $3.22, and analysts expect that with favorable conditions, it could reach new all-time highs.

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