Brandt Slams XRP, Says He'd Convert 500K to BTC Amid Price Drop
Renowned trader Peter Brandt has reignited his long-standing criticism of XRP, stating that he would immediately convert a hypothetical holding of 500,000 XRP into Bitcoin. This comes as the token's price slipped below $1, trading at $0.9980 with a significant drop in volume.
Brandt's comments reflect his previous views on XRP, which he has repeatedly criticized for its lack of interest and value. In fact, he described it as a 'manipulated scam' in June 2020, comparing Ripple's relationship with XRP to the Federal Reserve's relationship with the U.S. dollar.
The token's price decline, down 72.6% from its all-time high in July 2025, further supports Brandt's stance. His latest remarks on XRP have sparked a fresh wave of discussion within the cryptocurrency community.