XRP Is the Key Ingredient for US Crypto Supremacy Over China, Analyst Argues
While the United States and China are in a global trade war, some commentators in the XRP community believe XRP could give the U.S. an upper hand.Egrag, a widely followed analyst in the XRP community, expressed this perspective in a tweet. Notably, the U.S. and China are involved in an unprecedented economic conflict, with both countries imposing tariffs on one another, creating tension in the global financial market.However, crypto commentators like Egrag have highlighted the potential role of digital assets amid these tensions. In his tweet, he cited the nearly equal Bitcoin reserves held by the two nations.The image accompanying the tweet indicated that the U.S. government holds 198,109 BTC, while China holds approximately 190,000 BTC. While both governments are nearly on par in terms of their BTC portfolios, Egrag suggested the U.S. could have an overall advantage in crypto exposure when factoring XRP in.XRP as a Key Ingredient of the USA, Not ChinaSpecifically, he claimed that China does not hold XRP, while implying that the U.S. government does. He particularly pointed to Ripples escrowed XRP as a key advantage for the United States. This view hinges on a hypothetical scenario in which Ripples 36 billion XRP in escrow could somehow be an asset of the U.S. government. This perspective appears to take inspiration from President Donald Trumps earlier declaration that the government should establish a crypto reserve that includes XRP. Following this, some XRP commentators speculated that Ripples escrowed XRP tokens could serve as part of such a reserve. Some even suggested that Ripple would only require a line of code to redirect the escrow execution to the U.S. government.However, this remains purely hypothetical. Many believe it is far-fetched to assume Ripple would hand over $80 billion worth of XRP in escrow to the government for a strategic reserve. They view it as an unprecedented act of philanthropy with little chance of becoming reality."It Should Not Be About XRP Verse Bitcoin"However, not everyone in the community fully aligns with this idea. Vincent Van Code, another prominent voice in the XRP space, offered an opposing perspective to Egrags tweet. He emphasized that the conversation shouldnt center solely on XRP versus Bitcoin. Van Code noted that the U.S. and Chinese economies operate at scales of tens of trillions of dollars. According to him, holdings of $20 billion in BTC, while notable, are relatively insignificant in the broader context. He also stressed that while crypto represents a powerful technological innovation, its standalone value as a national asset may not translate into substantial strategic benefit without deeper integration into economic infrastructure.https://twitter.com/vincent_vancode/status/1915778360221045067Notably, Trump's executive order suggested that the government could hold coins like XRP as part of an altcoin stockpile, while BTC would be a reserve asset. Contrary to Egrag's suggestion, the U.S. government does not currently hold XRP.Still, XRP commentators continue to speculate on how the government could eventually become an XRP holder. One suggestion is that Ripples upcoming $50 million fine could be paid in XRP.
Text source: The Crypto Basic
