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“The Top 1% Don’t Want You Holding XRP” – Pundit Shares Why They Are Allegedly Suppressing It

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Crypto analyst Pumpius has alleged that XRP is being deliberately held back by financial elites who view it as a major threat to their dominance. His claims have sparked fresh discussion within the crypto community about the power dynamics embedded in traditional finance.

According to Pumpius, institutions profit from a system built on inefficiencies. He noticed that wire transfers take much time, SWIFT does not work on weekends, and there are hidden fees from foreign exchanges for profit.

As a result of these delays, insiders are allowed to time their actions and make more income. He pointed out that XRP eliminates these benefits since it eliminates the need for intermediaries, and users can easily move value.

Trades are finished in seconds, so nobody can influence the process, including banks or brokers. In his view, this shift directly challenges the mechanisms used by the top 1% to preserve their financial power.

Pumpius pointed out that if you use a centralized exchange, you need gatekeepers to get to your funds. According to him, XRP is an opportunity for people to keep their wealth safe without asking for approval from any bank or firm.

Also Read: Over 600,000,000 XRP in June Already, What is Happening?

XRP Framed as a Direct Challenge to Traditional Financial Authority

The pundit compared XRP’s protocol to centralized entities such as the Federal Reserve and the International Monetary Fund. These institutions, he said, can decide when to print money, approve bailouts, or shape financial policies to their advantage.

XRP, in contrast, operates without any central authority and treats all users equally, regardless of wealth or status.

He argued that this neutrality is the main reason it is being suppressed. According to Pumpius, financial power brokers fear a system in which they can no longer intervene, control outcomes, or prioritize preferred participants.

XRP supporters in the community think that the absence of clear regulations and persistent resistance from some institutions are part of a plan. Some in power are believed to be trying to stop the widespread use of cryptocurrencies to stay strong in global finance.

Since Pumpius’ statements, people have been talking about XRP’s place in banking. With more support, enthusiasts aim to show how the protocol might break down borders for value movement, leaving big corporations outside the loop.

Also Read: XRP Price Prediction For June: Analyst Says June Could Be Turning Point For XRP

The post “The Top 1% Don’t Want You Holding XRP” – Pundit Shares Why They Are Allegedly Suppressing It appeared first on 36Crypto.

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