Expert Says XRP Is Building Foundation of the New Financial System

In a recent post on X, Versan Aljarrah, the founder of Black Swan Capitalist and a key figure in the cryptocurrency space, shared his thoughts on Ripple’s co-founder Chris Larsen endorsing Kamala Harris. Aljarrah dismissed the narrative as a “calculated distraction” aimed at unsettling emotional investors.

Instead, he urged the crypto community to focus on the bigger picture: Ripple’s continuing role in building the foundation for a new financial system, while also pointing out what he views as undeniable connections between Bitcoin and intelligence agencies.

There is growing tension in the cryptocurrency world, particularly with the endorsement, and Aljarrah’s remarks aim to calm the community and redirect their focus. Many in the community have expressed discontent with Larsen’s endorsement of Harris, especially since some see former President Donald Trump as a more favorable candidate for the crypto space.

Donald Trump and the Crypto World

Trump’s support for deregulation and his anti-establishment stance has resonated with a portion of the crypto community, making Larsen’s decision divisive. Trump has also expressed his desire to make the U.S. the Bitcoin capital of the world and accept cryptocurrencies as donations.

Many in the crypto world have fully backed Donald Trump, and Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has donated to his campaign. The community also attributes the prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) to actions by the Biden and Harris administrations. If Harris wins the election, some believe this will give the SEC confidence to appeal the ruling.

What Should the Community Focus On?

For those who view XRP as a significant player in reshaping the global financial system, the endorsement has sparked debate about whether Ripple’s leadership aligns with the broader pro-crypto sentiment.

XRP has consistently been positioned as a key asset in improving cross-border payments and offering a decentralized alternative to traditional financial institutions. Aljarrah urges the community to focus on XRP, as many might sell their XRP and lose out on life-changing profits because of an emotional reaction.

He wants the XRP army to avoid getting caught up in political distractions and focus on the real developments within the crypto industry. He suggests that Ripple is still on track with its goal of revolutionizing financial systems globally, regardless of the political figures that its leadership may support.

He suggests that Bitcoin may have deeper ties to governments or agencies, as sees XRP as the foundation of the new financial system. With the BRICS bloc potentially considering XRP for cross-border payments, now is the time to avoid emotional investments and focus on XRP.

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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