ChatGPT Challenges Peter Brandt's 'Fool Coin' Label for XRP

Veteran trader Peter Brandt has labeled XRP (CRYPTO:XRP) a 'fool coin,' arguing that its role in payments does not increase its value, especially compared with Bitcoin (CRYPTO:BTC).

ChatGPT disagrees with Brandt's assertion that payment use lacks investment value. However, it acknowledges that a busy network doesn't automatically drive up a token's price.

ChatGPT's argument starts with how payments are processed. When a bank utilizes XRP as a bridge asset to transfer dollars internationally, it buys XRP, moves it quickly, and then the recipient converts it into local currency.

ChatGPT's fair value estimate puts XRP's value at $1.35, about 9% below its current price. This rate reflects 40% of current ledger use, 35% based on the likelihood of adoption by major institutions, and 25% for future network value.