A resurfaced video featuring prominent Bitcoin advocate Carl Runefelt (@TheMoonCarl) has reignited controversy within the cryptocurrency community. In the clip, Runefelt, joined by fellow Bitcoin maximalist Davinci Jeremie, dismisses XRP’s potential. Runefelt asserted that the asset is “going to zero.”
The video, shared by XRP community member King Karan (@KingKaranCrypto), called out Runefelt for his inconsistency and has sparked widespread discussion as XRP is on a historic run.
Who remembers when @TheMoonCarl said that "XRP iS gOiNg tO ZeRo".
Yeah, we don't forget two faced people. pic.twitter.com/DWqm6hLMLC
— 👑 𝕂𝕚𝕟𝕘 𝕂𝕒𝕣𝕒𝕟 👑 (@KingKaranCrypto) January 12, 2025
Runefelt Shift Stance On XRP Amid Bull Run
The video comes at a pivotal time for XRP, which soared to $2.86 in late 2024, marking its strongest performance in years. After a strong start to 2024, XRP is currently trading at $2.5. Notably, Runefelt has recently shared bullish predictions for XRP on X. This shows a shift in his stance from dismissal to anticipation.
Criticism of XRP has been a recurring theme in the cryptocurrency space, with skeptics questioning its use case and long-term viability.
Peter Brandt, a veteran trader who once predicted that XRP could go to zero, has since reversed his stance. Brandt now advocates for XRP, reflecting a broader shift in perception as the asset proves all doubters wrong.
Regulatory Developments Bolster Optimism
XRP’s rally coincides with significant developments in the regulatory landscape. Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), announced his resignation, effective January 20, 2025. Under Gensler’s leadership, the SEC pursued aggressive actions against the cryptocurrency industry, including the high-profile lawsuit against Ripple.
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In December 2024, President-elect Donald Trump nominated Paul Atkins as Gensler’s successor. Atkins, known for his crypto-friendly stance, has sparked optimism that the incoming administration may adopt a more favorable regulatory approach.
XRP supporters are particularly hopeful that this shift could lead to an expedited resolution of Ripple’s legal battle with the SEC and provide much-needed clarity for the broader market.
XRP’s Potential
Beyond regulatory optimism, XRP’s performance has been buoyed by its growing adoption and utility. Ripple strengthens its position in the financial sector, particularly through advancements in cross-border payments and decentralized finance.
For the XRP community, the asset’s resurgence is a moment of vindication. Supporters have long argued against the skepticism of figures like Runefelt and others who dismissed XRP’s potential, and just like Brandt, XRP has changed Runefelt’s mind.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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