Brandt Doubts XRP's Long-Term Value Amid Institutional Partnerships

Veteran trader Peter Brandt remains skeptical about XRP's investment potential, despite growing institutional partnerships. His argument centers on the difference between an asset's transactional usefulness and its value as a long-term investment.

Brandt points out that something can be useful for transactions without being valuable as an investment. He compares XRP to the US dollar, which is widely used for transactions but not bought as a speculative investment due to its constant use and predictable supply. 'Just because something is transactional, that doesn't mean automatically that it must be more valuable,' Brandt said.

Brandt also raises concerns about Bitcoin's underlying cryptographic architecture being vulnerable to future risks, such as quantum computing hacking. He suggests that the distinction between a store of value and a transactional currency may become blurred in the future as technology advances.