XRP Reserve, Nasdaq Company, Doubts Remain: A Wall Street Perspective

Exploring the debate around XRP as a reserve asset for Nasdaq companies, fueled by Gary Cardone's skepticism and Ripple's strategic choices. Doubts persist despite community enthusiasm.

XRP Reserve, Nasdaq Company, Doubts Remain: A Wall Street Perspective

The crypto community is buzzing about XRP, especially its potential as a reserve asset for publicly traded companies. The debate centers around whether Nasdaq-listed firms should hold XRP, and the questions surrounding Ripple's own XRP holdings are generating a lot of conversation.

The MicroStrategy What-If: XRP Edition

Recently, the hypothetical scenario of MicroStrategy investing in XRP instead of Bitcoin took center stage. Gordon, an XRP community figure, suggested that MicroStrategy's profits would have doubled if they'd chosen XRP back in 2020. The claim was based on a chart comparing MicroStrategy's Bitcoin holdings to a hypothetical XRP portfolio.

Cardone's Counterpoint: Lawsuits and Bankruptcy?

Financial expert Gary Cardone, however, challenged this notion. He argued that MicroStrategy's Michael Saylor would have faced legal battles and potential bankruptcy if he had invested in anything other than Bitcoin. Cardone’s point highlights the regulatory uncertainty that has, at times, shadowed XRP.

Ripple's XRP Reserve: The Missing Piece?

Cardone further questioned why Ripple hasn't adopted a similar strategy by adding XRP to its own balance sheet. He argues that if Ripple truly believes in XRP's potential, they should be leading by example with a strategic XRP reserve. This raises a crucial question: Why isn't Ripple all-in on XRP as a treasury asset?

XRP Army Responds

Pro-XRP lawyer Bill Morgan chimed in, pointing out the apparent contradiction in criticizing Ripple for holding too much XRP while simultaneously urging them to hold even more. It's a valid point – Ripple's control over a significant portion of XRP has been a point of contention, and demanding they increase their holdings seems paradoxical.

Nasdaq Companies and XRP: A Glimmer of Hope?

Despite the doubts and debates, some publicly listed companies, like Trident Digital, VivoPower, and Webus International, have announced plans to hold XRP as a treasury asset. This could signal a growing acceptance of XRP within the traditional financial world.

The Verdict? Doubts Linger, but Interest Remains

The discussion around XRP as a reserve asset for Nasdaq companies is complex. While the community speculates, the question remains: Is XRP ready for the big leagues? Only time will tell, but the conversation is definitely heating up! Despite the volatility, the community's resolve continues to grow.