$XRP Defenders Fire Back Against Peter Brandt's 'Fool Coin' Jab

Edo Farina, founder of Alpha Lions Academy and a long-time advocate for XRP, has responded to Peter Brandt's latest criticism of the token. In comments to Coinpedia, Farina argued that Brandt is judging XRP as a payment currency when holders see it as a scarce asset at the core of financial infrastructure.

Brandt has repeatedly targeted XRP and its community, describing its backers as 'cult-like' and calling XRP a 'fool coin'. He accepted that XRP can move money cheaply but questioned whether that makes the token valuable, pointing to its large supply. Brandt also projected an XRP move to $5.40.

Farina's sharpest objection was to what he called Brandt's comparison of XRP with the US dollar. The Federal Reserve can expand the dollar supply through monetary policy, but XRP's total supply is capped at 100 billion tokens, and a small amount is permanently burned as a fee on every transaction.

Farina argued that as more banks and payment firms need liquidity, rising demand will meet a supply that cannot grow. 'If usage of XRP for settlement increases, the protocol cannot simply create another 100 billion XRP to accommodate that demand,' he said.