Brandt Takes Aim at XRP: 'Transactional Utility Doesn't Make You Valuable'

Veteran trader Peter Brandt has sparked debate among XRP enthusiasts after expressing skepticism about the token's fundamental value case.

In a recent video, Brandt argued that utility for transactions does not inherently make an asset valuable. He compared XRP to the U.S. dollar, stating that people do not buy dollars solely because they are transactional assets.

Brandt also raised concerns about XRP's supply, noting that questions remain about whether the total supply will expand over time. This uncertainty is a significant obstacle for a market analyst who builds positions on knowable data.

The community responded strongly to Brandt's comments, with some arguing that he lacks a working understanding of XRP's escrow structure and timed release schedule. Others questioned why Brandt gained attention in the first place, suggesting his analysis has not kept pace with the market.