Bitcoin Hater Peter Schiff Slams $XRP, Hoskinson Calls $XRP a Great Tech

Charles Hoskinson jumped against Bitcoin hater Peter Schiff and said that $XRP Cryptocurrency is a very great technology.

Summary

Peter Schiff slammed $XRP Cryptocurrency & said it makes no sense to add it with Crypto Strategic Reserve.

Cardano founder Charles Hoskinson defended $XRP Cryptocurrency.

Ali chart predicted that Cardano’s native token $ADA is poised to hit $2.2 soon.

Peter Schiff is a popular Bitcoin hater. In the Crypto space, he is known for his Bitcoin cryptic posts. Schiff never misses any chance to criticize Bitcoin & cryptocurrencies, despite facing intense criticism & backlash from the crypto community.

Following Donald Trump’s announcement on Crypto Strategic Reserve (CSR), Schiff shared his opinion on Bitcoin and raised questions about CSR’s crypto adoption strategy.

Peter Schiff responded to the Crypto Strategic Reserve and showed his opposition against $XRP Cryptocurrency

For the first time in history, Schiff admitted that Bitcoin is better than Gold in the form of Digital gold. He said that the inclusion of Bitcoin in CSR makes sense, but why did they add support for $XRP Cryptocurrency? In short, Bitcoin hater Schiff called the $XRP coin a useless thing.

I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too. But what’s the rationale for an XRP reserve? Why the hell would we need that?

— Peter Schiff (@PeterSchiff) March 2, 2025

Cardano founder Charles Hoskinson defended XRP Cryptocurrency against Schiff’s cryptic post and praised $XRP blockchain as a strong technology in the crypto space. Hoskinson added that XRP’s global adoption and decade-long survival through tough bear cycles make it a more mature digital asset.Cardano’s founder also emphasized XRP’s dedicated community and said that US President Donald Trump made the right decision in supporting it.

Because XRP is great technology, a global standard, survived for a decade through many harsh cycles, and has one of the strongest communities. I think the president made the right decision

— Charles Hoskinson (@IOHK_Charles) March 2, 2025

Charles Hoskinson vs $XRP Community

It is worth it to note that here, Charles Hoskinson praised $XRP Cryptocurrency’s backed technology as the best innovation in the crypto space, but in the past, he was badly attacked by the XRP community.A couple of years ago, Cardano’s founder passed a statement regarding the $XRP lawsuit, where he called out unclear rules & laws as the main reason behind the conflict between the American securities regulatory body SEC & San Francisco’s headquartered blockchain firm Ripple.

As we know, $XRP & Ripple are linked to each other, and the SEC’s charges were attacking $XRP Cryptocurrency badly, where the SEC body tried its best to use the traditional securities laws & tried to apply the Howey test on $XRP coin. So it was obvious for the XRP community to show anger against Hoskinson.

At the time, Hoskinson called the $XRP community the most toxic community in the crypto space, but in 2025, Hoskinson changed his stance toward the XRP community because of Ripple’s better strategy toward crypto adoption.

Cardano ($ADA) Price Analysis

Today, following the US Crypto Strategic Reserve announcement, the trade price of $Ada coin, the native token of the Cardano blockchain network, surged 76%.

Popular crypto analyst on X, @Ali_chart shared his analysis on $Ada coin and predicted that this Cryptocurrency is poised to hit $2.2. According to this crypto analyst, the trade price of this Cryptocurrency may hit $1.12 in the next 12 hours & if it happens, then surely the trade price of this coin will hit the maximum of $2.2.

#Cardano $ADA could be poised for a rally to $2.20! Watch for a 12-hour candlestick close above $1.19 to confirm the bullish breakout. pic.twitter.com/0uiJyRd9qt

— Ali (@ali_charts) March 3, 2025

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