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Samson moa vocal Bitcoin supporter and CEO at Bitcoin-focused company Bitcoin Focus, issued a tweet about the third-largest cryptocurrency XRP and its recent price drop.
Being a strict Bitcoin maximalist, MOW criticized XRP. He also explained why he believes adding XRP to the US Strategic Reserve may not be a good idea.
"$3+ is ridiculous just for a database entry."
Chief Jan3 took to his X account to comment on the price of XRP increasing by 11% over the past 24 hours. Mow stated that this "withdrawal has been overdue".
According to MOW, this is because XRP trading at $3+ was “just ridiculous for a database entry.”
MOW did mention that XRP and the rest of the Altcoin market are closely linked to Bitcoin, and XRP's 11% collapse followed the path of Bitcoin's price. The world's leading cryptocurrency fell more than 6%, falling from $10,522 to $10,522, landing at $98,685, where BTC is changing hands at the time of writing.
Bitcoin reacted with a downpour as pro-Trump US President Trump imposed Emergency 25% tariffs On all imports from Colombia and visas for its citizens after Colombia refused two US military planes with deportation to the country. Trump also promised that his tariffs would rise to 50% within a week. Besides, all checks on Colombian citizens entering the United States will also be strengthened.
Related to
MOW Stocks Take 'Anything But Bitcoin' Prospects into Crypto Us Reserve
Another tweet by Samson Mow posted today shows that he hates the idea of the US government potentially adding any other cryptocurrency to the long-awaited Strategic Crypto Reserve aside from Bitcoin.
MOW believes that this digital asset reserve should only consist of BTC and nothing else. Adding even larger altcoins “lining Corp's pockets with additional steps.” With XRP, it provides additional ripple opportunities, with ETH, it is about “lining Borin's pockets with additional steps,” and so on.
The fact that, most likely, adding Bitcoin to the US strategic reserve would line the pockets of Michael Saylor of Microstrategy, BlackRock and other ETFs.
This weekend, Mow tweeted that there are more reasons to hate Ripple and XRP than Bitcoiners know.
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