Bitcoin critics have questioned the growth trends in cryptocurrency strategies, including assets such as XRP and Ethereum, in addition to BTC.
The argument has gained momentum after Sharplink Gaming, one of the first companies to adopt the Ethereum-based corporate reserve model, suffered a shocking 73% decline in trading after opening hours. The collapse reignited debate about which digital assets are truly suited to the facility’s finances.
In a tweet, Bitcoin supporter Stephen Lubuka pointed to Sharplink’s charge as evidence that BTC is the only reliable reserve asset. His statement suggests that Altcoins like Ethereum are not suitable for long-term corporate balance sheets, and financial expert Gary Cardone agrees.
Cardone measured the conversation by turning the Ripple spotlight. He wondered why Ripple didn’t move to a company with an XRP reserve strategy, especially if tokens are expected to rate dramatically and replace Swift as the backbone of global payments.
Specifically, Cardone argues that if XRP could really reach $8,000 high, Ripple should already be using the token as its core reserve asset, as some suggest.
For him, the fact that Ripple doesn’t do so raises questions about how confident the company itself is in the long-term value of XRP.
The XRP Army responds
Naturally, Cardone’s comments were not answered by XRP enthusiasts. Jason Jude called the criticism contradictory and informed. He pointed out the irony that Ripple requires him to move to the XRP reserve model, but critics often complain that Ripple already owns too much XRP.
The commentary highlights the contradictions among critics who question Ripple’s 40% XRP holdings, but hope that the company will rely more heavily on its reserve strategy.
Others accused Cardone of clouding his judgment by his Bitcoin-only bias. Several community members argued that dismissing XRP could be one of his biggest investment regrets.
Corporate momentum builds behind XRP
Despite criticism, XRP continues to gain traction as a financial asset among companies registered with NASDAQ. Several companies are actively integrating XRP into their financial strategies and working with pushes to diversify beyond Bitcoin.
Trident Digital Tech Holdings, for example, is raising $500 million to build one of the first major XRP Treasury ministries. China’s Webus International is also seeking $300 million in credit and will integrate Ripple’s payment solution.
Vivopower International has allocated $100 million from its latest private round, while WellGistics Health has secured a $50 million credit line for XRP accumulation.
The growing interest in the agency suggests that some companies are betting on XRP as a payment utility and a long-term value reservoir.
Financial Strategy Works with Altcoins
Meanwhile, the wider crypto community is also challenging Lubka’s claim that BTC is the only viable financial asset in the wake of Sharplink Gaming’s fallout.
Specifically, Solana enthusiasts cited data showing that Defi Development Corp had experienced a significant profit of 3,657% since the start of the year after adopting a SOL-based strategy several months ago.
Even Sharplink Gaming’s monthly charts show an impressive 882% profit, undermining the narratives pushed by Bitcoin supporters.
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