American businessman Patrick Bet-David has confirmed he bought XRP. On his podcast in early 2026, he stated he had purchased “a bunch of XRP and Bitcoin” during a market decline, citing dollar-cost averaging as part of his strategy.
Crypto pundit John Squire (@TheCryptoSquire) recently highlighted his position, which captured the XRP community’s attention.
🚨💰 BIG MONEY MOVES 💰🚨
Patrick Bet-David says he bought XRP and believes the opportunity is far bigger than most people realize.
When self made millionaires start talking about XRP, retail is usually late to the party.
Follow the money. 👀🔥 pic.twitter.com/u6TBXPnlTC
— John Squire 🇺🇸 (@TheCryptoSquire) June 9, 2026
XRP Faces Fresh Pressure
XRP has since pulled back again. Geopolitical events combined with market conditions have pushed prices down across the crypto sector. The asset’s decline mirrors the kind of environment Bet-David acted on earlier this year. For investors employing dollar-cost averaging, the current dip presents a comparable accumulation window to the one he used in early 2026.
His bullish outlook extends beyond short-term price action. He has discussed scenarios where XRP captures a portion of SWIFT’s transaction volume, a development he believes could drive substantially higher valuations over the long term.
SWIFT processes trillions of dollars in cross-border transactions annually, and even a small share of that volume would represent a significant shift in XRP’s use case and market position.
XRP Army Weighs In
Many community members were skeptical of Squire’s post. One commenter referenced the asset’s extended price history, noting he had watched XRP fail to reach $3 for nearly two years. Another questioned Bet-David’s credibility, citing claims that the popular YouTuber and investigator Coffeezilla had exposed him as a scammer.
Others were more optimistic. Multiple commenters expressed their belief that a major milestone for XRP was close. One took a measured analytical view, pointing out that high-profile investors increase attention around an asset, but long-term value depends on utility, adoption, and market infrastructure. He also highlighted the importance of a strong trading infrastructure for markets to function efficiently.
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What It Means for XRP
Bet-David’s position adds visibility to XRP at a time when prices are suppressed. Retail investors often monitor the activity of high-profile figures for directional signals, attempting to match the trading strategies of these experts. Squire stated, “When self-made millionaires start talking about XRP, retail is usually late to the party.”
The current market conditions, while difficult, produce the kind of entry points that long-term holders tend to act on. Bet-David established his position during a similar environment earlier this year and may be doing the same, as the digital asset currently sits at a low price.
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 advised to conduct thorough 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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