Ripple CTO Dismisses XRP Burn Rally: The Retail Deflation Illusion
The ritual of XRP token destruction fails to ignite organic market demand in the current cycle. 💡 The Uncomfortable Truth About XRP Scarcity Bitcoin gained 450% from its local bottom – yet for XRP holders, the narrative around value often defaults to a single, stubbornly persistent question: when will the tokens burn? The expectation of a supply shock, particularly from escrowed XRP, has fueled countless price predictions, often reaching the mythical $1.39 . But a recent, blunt intervention from Ripple's former Chief Technology Officer, David Schwartz, just pulled the rug out from under that core belief. 🔥 The Scarcity Mirage: Why Burns Aren't a Magic Bullet For years, a significant faction of the XRP community has held firm to the idea that massive token burns, especially of the substantial supply held in escrow, would directly trigger a sharp p...