Bitcoin-Maxi Challenges Ethereum and XRP Investment Thesis
The post Bitcoin-Maxi Challenges Ethereum and XRP Investment Thesis appeared on BitcoinEthereumNews.com.
Bitcoin maximalist Pierre Rochard argued that Ethereum and XRP cannot sustain long-term value through securities tokenization. He pointed to the dominance of traditional institutions like DTCC and the rise of low-fee alternatives like Tron. The thesis claims that ETH or XRP will extract fees from the world’s poorest people, who have the least to invest. Bitcoin-maxi Pierre Rochard said Ethereum and XRP cannot sustain value from securities tokenization. His remark unfolded on X, where he weighed in on whether Ethereum and XRP Ledger blockchains can improve settlement systems. Rochard Questions Tokenization Value Rochard argued that the investment case for Ethereum and XRP relies on securities being issued on their networks, with transaction fees burned to benefit holders. He said this thesis is weak because of two main challenges. The first challenge, he explained, is the role of the Depository Trust and Clearing Corporation (DTCC), which clears the majority of U.S. securities trades. Related: CryptoRank Adds Tokenized Stocks, S&P 500, and Gold to Platform Since DTCC is a cooperative owned by its members, it has no incentive to adopt a fee-burning model. He added that exchanges such as ICE and Nasdaq already provide efficient, low-cost services, leaving little room for Ethereum or XRP to compete on fees. Competition From Other Blockchains Rochard also said the second major obstacle comes from competition. Because blockchain code is open source, he argued that new networks can easily emerge and drive fees down. He pointed out that the largest share of tokenized trading today happens on Tron through Tether’s USDT, not on Ethereum or XRP. “The thesis ends up being that ETH or XRP will extract fees from the world’s poorest people, who have the least to invest,” Rochard said in his post. Debate Over Security and Reliability Other participants pushed back on Rochard’s comments.…
Filed under: News - @ August 18, 2025 7:28 pm