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Cardano founder Charles Hoskinson A recent X post was shared by legendary trader Peter Brandt, in which he offered peace and bid farewell to the XRP army and his favorite token. Charles Hoskinson, who has also faced off against the XRP Army in the past, tweeted: “Peter is coming to XRP Nation.”
An olive branch for XRP holders from Peter Brandt
Longtime commodities trader Peter Brandt offered an “olive branch” (attaching necessary photo to post) to the XRP community, indicating that they were free to accept or reject it.
Brandt admitted that over the past few years, he has taken “some drastic measures” towards the community and XRP. He also admitted that the criticism he later faced from them was sometimes "deserved," sometimes "completely uncivilized," and other times "funny and creative."
He decided to explain his motivations behind the criticism he has directed at XRP and its holders in the past. By diving into his distant past, when he started his career as a trader, he learned that it was extremely important to protect his capital. Therefore, he has taken to criticizing XRP's repeated loss of 80%, 90% and then up to 97% of value against Bitcoin, which he considers the standard "store of wealth."
As a skilled trader, Brandt is certain that “holding speculative assets that lose 90% in exchange for more stable assets is the definition of insanity.” XRP was a great asset for him. What he found craziest was holding onto XRP “over and over again, expecting different results.”
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It's not the XRP/BTC incidents that Brandt mocked
The trader explained that it was not “the volatile ride of XRP/BTC” that he mocked, but rather “dogmatic, obnoxious, and often incomprehensible defensive XRP holders spoke during periods of significant unrealized losses.”
Brandt stated that in his criticism, he targeted this stance and not the XRP Army itself, nor the fact that they are committed to improving their lives. Peter Brandt currently states that he is happy with the success of the XRP Army.
He wrote: “I would never disparage your success, just your approach of defending 90% declines against assets that have more stability.” He added that this was his last social media post about XRP.
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