Was Ripple a Threat to Epstein and Co.? Why Traders Believe New Files Could Serve ‘Bullish for XRP’
Recent disclosures from the "Epstein Files" have reignited discussions about early power struggles in the cryptocurrency industry. A 2014 email revealed that figures tied to Bitcoin infrastructure, including Blockstream co-founder Austin Hill, viewed Ripple and Stellar as threats to their strategic vision. The correspondence, which included Jeffrey Epstein as a recipient, suggested that supporting these projects created a conflict of interest for investors aligned with Bitcoin-centric ventures.
Some XRP traders argue these documents validate long-held claims that Ripple posed a serious competitive challenge to Bitcoin-aligned interests, interpreting this as "bullish" for the token. Ripple's former CTO, David Schwartz, suggested the email might be "the tip of a giant iceberg," indicating broader early opposition to Ripple.
However, the documents do not show Epstein took any action against Ripple, only that he was included in high-level discussions. Despite trader optimism, XRP's price remains under pressure, trading around $1.64 with a bearish technical structure. Analysts note that reclaiming key resistance levels would be necessary for a significant recovery.
ccn.com02/02 13:51