Patrick Bet-David, the host of the PBD Podcast and Valuetainment, has sparked attention in the crypto community with his latest comments on XRP.
Bet-David hinted that significant developments could be on the horizon for XRP and the broader crypto space in the next few months. He encouraged his audience to closely monitor XRP, suggesting that important transformations in the crypto market are imminent.
Notably, the catalyst for Bet-David’s remarks came from the historic mention of XRP by President Donald Trump on Truth Social.
Last week, Trump revealed plans for a crypto strategic reserve for the U.S. government, similar to Fort Knox for gold. What caught Bet-David’s attention was that, in Trump’s post, XRP was mentioned first, even before Bitcoin or Ethereum.
This unusual “prioritization” has raised discussion about potential moves for XRP.
XRP Against Bitcoin
In his video, Bet-David compared Bitcoin and XRP head-to-head regarding technology and historical price performance.
He highlighted that Bitcoin takes about 10 minutes for transaction speed, while XRP processes transactions in just 3-5 seconds. In terms of cost, Bitcoin’s fees can become high during congestion, whereas XRP’s fees remain very low.
Bet-David also claimed that Bitcoin is decentralized while XRP is more centralized. As for their use cases, he pointed out that Bitcoin is primarily used as a store of value and for person-to-person payments. Meanwhile, XRP focuses on facilitating cross-border transactions.
In terms of supply, Bitcoin has 21 million coins, whereas XRP has 100 billion. Regarding energy usage, Bitcoin consumes a significant amount of energy, while XRP uses much less. Lastly, Bet-David observed that Bitcoin has broader mainstream adoption while XRP is more niche on institutional use.
Meanwhile, in terms of price, Bitcoin, at the time of the video, was around $86,000, while XRP was about $2.44. Looking back five years, Bitcoin has improved by nearly 6X from $17,000, while XRP’s price has dipped.
However, Bet-David suggested that the disparity could be due to the Ripple and XRP lawsuit, which is in its final stages.
He cited legal experts predicting a potential resolution of the case by the spring or early summer of 2025. Bet-David believes the outcome could trigger a major price move for XRP.
The Case for XRP as a Major Player
Bet-David further explored XRP’s technology and compared it with the renowned payment processor SWIFT.
First, he pointed out that Ripple’s technology, which uses XRP for its speed and low cost, has already gained traction with over 300 financial institutions worldwide, including major players like Bank of America and American Express.
He speculated that XRP’s potential to replace SWIFT as the backbone for international payments could significantly increase demand for the token.
Specifically, Bet-David noted that if XRP were to capture even 5-10% of SWIFT’s daily transaction volume—currently at $5 trillion—XRP’s price could soar to $100.
Diversification Remains Key for Crypto Investors
Given that President Trump’s announcement has further confirmed the legitimacy of the crypto space, Bet-David urged the investing public to start paying attention to crypto. He cautioned crypto investors about over-concentrating in one asset.
Meanwhile, Bet-David stressed that he is not a major holder of XRP. He emphasized that his Bitcoin investment is ten times larger than his XRP holdings. In his closing remarks, he said:
“So, when President Trump posts about XRP, it’s worth paying attention to. In the next 3, 6, or 12 months, there could be big things happening. If you don’t do your own research, diversification is a good strategy.”
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