XRP Gains Attention Amid Michael Saylor’s Bitcoin Comments

The ongoing debate around the best cryptocurrency continues to intensify, with Michael Saylor, executive chairman of MicroStrategy, reaffirming his unwavering belief that Bitcoin stands unchallenged—even as institutional interest grows in XRP and Ethereum. Despite their advancements, Saylor doesn’t see Ethereum or XRP as serious contenders to Bitcoin’s dominance.

Saylor, a staunch advocate for Bitcoin, reiterated his position in a recent clip shared by Altcoin Daily. He stated unequivocally that Bitcoin is the gold standard in the digital asset space and that “there is no second best.” Although he didn’t name rival cryptocurrencies explicitly, his remarks clearly extended to challengers like Ethereum, XRP, and Solana.

In analogy to the tech industry, Saylor noted that while it’s possible to compare companies such as Google with Facebook or Apple with Amazon, the cryptocurrency landscape is different. According to him, Bitcoin’s technological superiority and network security set it apart so significantly that no other digital asset warrants comparison.

Highlighting market dominance, Saylor questioned the relevance of the widely reported 60% Bitcoin dominance figure. Citing more precise data, BTC currently represents approximately 64.94% of the total crypto market, with a valuation exceeding $2.16 trillion. But Saylor’s outlook is more aggressive—he believes Bitcoin should command 95% or more of the market. In his view, other cryptocurrencies might barely garner a combined 5% of the total value.

MicroStrategy’s commitment to Bitcoin echoes this belief. Under Saylor’s leadership, the company has continually accumulated BTC over the past several years, becoming the largest publicly traded holder. Despite taking a brief pause in its acquisitions this week, MicroStrategy currently holds 597,325 BTC, with an estimated value of $65 billion. This portfolio reflects the company’s transformation from a business intelligence firm into a de facto Bitcoin treasury operation, steadily increasing its exposure to what it sees as the only viable crypto asset.

Institutional Shift Toward XRP and Ethereum

While Saylor remains firm in his singular support for Bitcoin, institutional focus seems to be expanding across the broader cryptocurrency market. Large-scale investments in Ethereum and XRP signal a shift in strategy among corporations.

One notable example is SharpLink, an iGaming company that recently raised $1 billion with plans to enhance its Ethereum holdings. Elsewhere, BitMine, once a firm Bitcoin supporter, has pivoted entirely toward Ethereum for its treasury operations. These moves point to Ethereum’s growing utility, particularly around smart contracts and stablecoin deployment—areas where Bitcoin remains largely absent.

More significantly for XRP, Trident, a Nasdaq-listed firm based in Singapore, is raising $500 million specifically to expand its XRP treasury. This bold initiative underlines XRP’s increasing relevance in corporate strategies, especially for firms seeking cross-border transaction efficiency and financial interoperability.

Adding to the momentum is the rising possibility of altcoin-based ETFs. According to Bloomberg ETF analyst Eric Balchunas, there’s a 95% probability that ETFs for XRP, Solana, and Litecoin could secure regulatory approval within the year. If realized, this development would significantly boost XRP’s exposure in mainstream finance, making it more accessible to both retail and institutional investors.

Related: XRP Price: $12M Max Pain for Bears

Despite Michael Saylor’s firm stance that Bitcoin is unmatched, the market clearly reflects shifting sentiments. XRP and Ethereum are gaining considerable traction among institutions that recognize a broader spectrum of blockchain use cases. It’s becoming evident that many companies see opportunity not just in Bitcoin, but across an increasingly diverse crypto ecosystem.