Farina Fires Back at Brandt Over 'Fool Coin' Jab: XRP Not Like Fiat Currency

Edo Farina, founder of Alpha Lions Academy and an outspoken XRP advocate, pushed back against veteran trader Peter Brandt's latest criticism of the token. In comments to Coinpedia, Farina said Brandt is judging XRP as a payment currency when holders see it as a scarce asset at the core of financial infrastructure.

Brandt had described XRP backers as cult-like and called XRP a 'fool coin', saying it can move money cheaply but questioning whether that makes the token valuable, given its large supply. He also projected an XRP price target of $5.40.

Farina argued that people who hold XRP own part of the protocol that moves value, rather than just using a service. He contrasted this with cross-border banking, which relies on correspondent banks and multiple ledgers and layers of fees.

Farina's sharpest objection was to what he called Brandt's comparison of XRP with the US dollar, citing its capped supply at 100 billion tokens and the permanent burning of a small amount as a fee on every transaction.