Expert Claims XRP Was Engineered to Replace What Bitcoin Only Pretended to Solve

Versan Aljarrah, founder of Black Swan Capitalist, recently offered a sharply different perspective on the current dynamics surrounding Bitcoin, Tether, XRP, and gold. In a post that sharply contrasts with typical narratives pushed by prominent digital asset influencers, Aljarrah stated, “Tether props up BTC. XRP was engineered to replace what Bitcoin only pretended to solve. Ripple’s protocol is already bridging financial systems, something BTC never could.” This assessment was accompanied by a video featuring Egon von Greyerz, Founder and Managing Partner of Von Greyerz AG, who expanded on the ideas. This is the take on Bitcoin, Tether, XRP, and Gold you won’t hear from any mainstream crypto influencer. Tether props up BTC. #XRP was engineered to replace what Bitcoin only pretended to solve. Ripple’s protocol is already bridging financial systems, something BTC never could. pic.twitter.com/pwxNEx0zB3 — Versan | Black Swan Capitalist (@VersanAljarrah) April 25, 2025 Bitcoin as a Politicized Asset and the Role of Tether Von Greyerz described Bitcoin as a heavily politicized asset that no longer functions as its original proponents claimed. He characterized Bitcoin as the “new oil,” suggesting that its value is being inflated deliberately to facilitate debt repayment strategies by certain governments, referencing El Salvador as one example. He said, “Bitcoin is being used like oil was in the 70s, artificially inflated to pay down US debt and create demand for US dollars.” He explained that the drive to inflate Bitcoin is tied to the need to prop up demand for U.S. dollars and U.S. treasuries, especially under frameworks like the Loomis bill. According to von Greyerz, Bitcoin’s current trajectory aligns it more with the goals of central authorities rather than functioning as an independent, decentralized financial alternative. Tether plays a significant role in this arrangement. Von Greyerz pointed out that Tether is not only backed by U.S. Treasuries but holds more Treasuries than the country of Germany. He described how Tether’s integration into Bitcoin’s ecosystem, particularly in trading pairs and liquidity, contributes to an inflated perception of Bitcoin’s organic market demand. The stablecoin, when tied to an asset like Bitcoin, effectively supports a system that promotes demand for U.S. debt instruments. XRP and Ripple’s Foundational Role in Global Finance In contrast to Bitcoin, XRP, and the technology created by Ripple were framed by both Aljarrah and von Greyerz as practical tools with functional utility across financial systems. According to von Greyerz, Ripple developed the underlying digital ledger technology (DLT) as far back as 2001, long before the wider public discourse around cryptocurrency took hold. He noted that Ripple’s ISO 20022-compliant protocol enables interoperability between various financial systems and is being positioned as the technological backbone for central bank digital currency (CBDC) development. Von Greyerz claimed that institutions like the IMF have already acknowledged Ripple’s role in CBDC infrastructure, and that the tokenization of assets, interbank settlement, and digital identity will rely on XRP’s ecosystem. This stands in contrast to Bitcoin, which he said “is not a store of value. It is not a medium of exchange. It is not a unit of account.” Rather, it is a speculative asset whose value is strategically inflated to serve state monetary objectives. Gold’s Continued Relevance in a Digitally Oriented World While praising Ripple and XRP’s practical applications, von Greyerz also emphasized that the foundational backing for the coming digital monetary system remains physical gold. Referring to the IMF’s reports from 2020, he noted that even within future digital frameworks, gold is still cited as a hard asset supporting the system. This is despite public emphasis on digital innovations and tokenized assets. He stated, “The whole thing is still going to be based and backed by a hard asset, gold, not Bitcoin.” Final Perspective on Speculation Versus Utility Von Greyerz clarifies that he is not categorically opposed to Bitcoin. However, he stressed the need for honesty about his role. He said if the Loomis bill is enacted, the Bitcoin market could offer significant speculative gains. Yet he rejected the idea that Bitcoin is fulfilling the functions originally promised by its advocates. He described the current narrative surrounding Bitcoin as dishonest, characterized it as an “intentionally created asset bubble to create demand… for the very dollar it’s supposed to be an anti-dollar asset solution to.” Aljarrah’s tweet and von Greyerz’s commentary suggest that Bitcoin is no longer a challenge to the system but now works in support of traditional monetary policy. In contrast, XRP and Ripple are shown as tools for real financial connectivity, while gold is still seen as a quiet but steady reserve in today’s changing digital economy. 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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Source: TimesTabloid