Expert Says Only XRP Holders Will Rise From the Ashes of Bitcoin Explosion

Crypto enthusiast Egrag Crypto has expressed strong views regarding Bitcoin’s widely accepted 21 million coin supply cap. On April 6, 2023, he responded to a tweet by Lisa N Edwards, who asked, “Are you in the 21 million club?”

In reply, Egrag Crypto stated, “21 million club is a myth, it can increase but unfortunately people r not technical & do not understand that #BTC 21 million Cap is a myth being stereotyped.”

His statement challenges a fundamental belief about Bitcoin—that its supply is strictly limited to 21 million coins. This notion has long been a key argument for Bitcoin’s scarcity and value proposition. However, Egrag Crypto asserts this limit is not absolute and suggests that technical factors could increase Bitcoin’s total supply.

Criticism of Bitcoin’s Scarcity Narrative

Egrag Crypto elaborated his stance in an extended post, where he directed his criticism at crypto analyst ModernInvest.

He wrote, “Let me address @ModernInvest. I used to enjoy his videos, as they were filled with rationality and logic, but lately, for the past four weeks, he has insisted to repeat like a parrot that #BTC is scarce and that only 21 million coins will ever be mined.”

He emphasized that ModernInvest “is maybe a good guy with good intentions but does not know coding or Technicalities of #BTC scarcity.”

His remarks highlight his belief that many in the crypto community accept Bitcoin’s scarcity without fully understanding the technical aspects behind it. He implied that the claim of Bitcoin’s fixed supply is misleading and that its actual supply dynamics may not be as rigid as widely assumed.

Bitcoin Compared to “Rate Poison” and “An Atomic Bomb”

Egrag Crypto did not hold back in his criticism of Bitcoin, referencing Warren Buffett’s infamous statement about Bitcoin being “rat poison.” He paraphrased this sentiment by stating, ‘“#BTC is RATE Poison” @WarrenBuffett.’

He further intensified his critique by likening Bitcoin to an atomic bomb, stating, “BTC is like an atomic bomb, poised to explode and take everything down with it, leaving only a few to rise from the ashes—those who understand the potential of XRP.”

This comparison underscores his view that Bitcoin carries significant risks that are not adequately acknowledged by the broader market. His reference to XRP suggests that he sees it as a more viable alternative, positioning it as the true asset of scarcity in the digital economy.

XRP as the “King of True Scarcity”

In defending his perspective, Egrag Crypto described XRP as “The King of True Scarcity in Digital Assets.” He claimed that Bitcoin’s supply cap is a “deceptive lure that distracts everyone from the true gem—#XRP.” His argument suggests that while Bitcoin’s scarcity may be questioned, XRP’s supply dynamics make it a more genuinely scarce and valuable asset.

His statements align with a broader sentiment within the XRP community, often presenting XRP as a superior alternative to Bitcoin’s scalability, efficiency, and real-world utility. By framing Bitcoin’s scarcity as a misconception, Egrag Crypto positions XRP as the digital asset that embodies scarcity and long-term viability.

Ongoing Debate Over Bitcoin’s Supply

The question of whether Bitcoin’s 21 million supply cap is truly immutable has been a subject of debate among developers and analysts.

While Bitcoin’s code currently enforces this limit, some argue that network participants could theoretically vote to change it. However, such a move would likely face strong opposition, as Bitcoin’s fixed supply is a fundamental part of its value proposition.

Egrag Crypto’s statements challenge conventional narratives, urging the crypto community to reconsider widely held assumptions. His perspective, particularly in favor of XRP, reflects ongoing divisions within the crypto space regarding which digital assets hold the most long-term value.

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