In an audacious assertion, Joshua Dalton, the founder of IT service company Triblu LLC, has suggested that XRP could act as a more feasible strategic reserve for the U.S. strategic reserve for the U.S. than Bitcoin, the world’s largest and oldest cryptocurrency.
His comments come at an interesting time when talks around cryptocurrencies are amplifying, particularly after President Donald Trump’s first crypto-related executive order. Signed on Jan. 23, the EO establishes a working group to study the potential creation and maintenance of a national crypto stockpile.
Although Bitcoin has often been the center of attention in strategic reserve talks, Dalton’s championing of XRP spotlights an interesting choice.
Ripple’s XRP Is More Trustworthy
He contends that Bitcoin cannot be the official currency of the United States because of the anonymity of its pseudonymous creator, Satoshi Nakamoto. In his view, Nakamoto’s hidden identity could lead to potential manipulation, especially if connected to countries like China.
On the contrary, he believes XRP is a safe and more reliable option for the United States government, given that Ripple, the blockchain enterprise behind the third-largest cryptocurrency, is U.S.-headquartered.
Can XRP Solve The US Debt Crisis?
The United States is facing a fiscal crisis of historic proportions. Ballooning deficits and runaway debt service costs are pushing the nation toward uncharted territory. Could an unconventional approach, leveraging Ripple’s XRP, chart a path forward?
Dalton entertained the idea that XRP could play a role in addressing the sovereign debt crisis.
“Satoshi Nakamoto cannot pay off the national debt while Ripple can,” he asserted, adding that XRP investors could emerge as millionaires, billionaires, trillionaires, and quadrillionaires, while Bitcoin holders remain “stuck” with MicroStrategy Executive chairman Michael Saylor, whose software intelligence firm has continued aggressively accumulating Bitcoin.
It’s worth mentioning that President Trump has previously proposed settling the $36 trillion national debt with Bitcoin. However, he did not detail how he would eliminate the multi-trillion debt using the alpha crypto.
