Grayscale’s recent decision to welcome back an XRP Trust continues to attract mixed reactions, with commentators like Ben Armstrong, aka BitBoy, seeing an avenue to lash Cardano (ADA).
Reacting to Grayscale’s announcement, Armstrong reiterated his long-standing belief that XRP has institutional interests, whereas Cardano (ADA) “simply does not.” He views Grayscale’s reopening of the XRP Trust for daily subscriptions to accredited individual and institutional investors as confirmation of this belief.
Moreover, Armstrong noted that this marks the beginning of significant developments for XRP and expressed confidence that the XRP Army will ultimately prevail.
“Cardano is ‘Dead’ With No Institutional Interest”
Notably, BitBoy’s commentary builds on a previous claim where he cast doubt on ADA’s long-term price potential. In July, Armstrong reaffirmed that ADA is a “dead” crypto asset unattractive to venture…
