Veteran trader Peter Brandt has stirred fresh debate around XRP with pointed criticism of the token’s most steadfast supporters. Drawing on over fifty years of market experience, Brandt compared XRP to silver, describing both as markets where bullish conviction often persists despite volatile prices and prolonged downturns.
According to those familiar with his remarks, Brandt based his critique on his extensive trading background. He stated that after trading thousands of contracts across commodities, stock indices, and digital assets, he finds the “most uneducated and biased perma bulls are those who champion Silver and XRP.” He pointed to a pattern of investors maintaining optimism even as prices and market conditions deteriorate.
Brandt’s tone was direct and personal. He has a long history of public commentary, and his skepticism toward XRP is not new. Earlier this month, he described XRP supporters as “obsessed” and likened their fervor to that of silver enthusiasts.
The pushback was swift. Zach Rector, a well-known voice in the XRP community, challenged Brandt’s perspective. Notably, Bitcoin maximalist YoungHoon Kim announced on December 12 that he would begin buying XRP—a significant shift for someone previously dedicated exclusively to Bitcoin. Kim’s claim of a 276 IQ, though widely noted as unverifiable, fueled further discussion online.
Another commentator, X Finance Bull, acknowledged Brandt’s trading record but suggested that technical charts might overlook broader structural shifts in cryptocurrency markets. Meanwhile, Dr. Don Woods, a self-proclaimed silver bull, humorously noted that triple-digit returns had made him indifferent to accusations of bias or ignorance.
Regarding price action, market data shows XRP once traded above $3 before retreating to the lower end of the $2 range, influenced by volume shifts and broader crypto market movements. Brandt’s critics cite this resilience as evidence that his predictions can be off the mark, while his supporters argue his decades-long track record still commands respect. Both perspectives continue to inform opposing investment theses.
Elsewhere, Edoardo Farina, founder of Alpha Lions Academy, has maintained a consistently bullish outlook. In past posts, he has suggested that holding 10,000 XRP could place an investor in a uniquely advantageous position if prices rise substantially. “It’s hard to understand how free you’ll be,” he wrote in a widely shared message—a statement of conviction rather than a time-bound forecast with specific price targets.
These conflicting views are part of a larger conversation about bias, data, and belief in crypto. Some traders see Brandt’s comments as a caution against unchecked optimism, while others interpret the community’s rebuttal as proof that XRP’s narrative is still unfolding, with legal, regulatory, and adoption-related developments potentially shifting the landscape.
Frequently Asked Questions
FAQs Veteran Traders Uneducated Perma Bulls Comment on XRP Holders
BeginnerLevel Questions
What does perma bull mean
A perma bull is a slang term for an investor who is permanently bullishmeaning they are always optimistic and expect the price of an asset to go up regardless of market conditions or negative news
Who is this veteran trader and why should I care about their opinion
The term generally refers to experienced often institutional traders with many years in traditional finance or crypto markets Their opinions are noted because they analyze markets differently than many retail investors focusing on data macro trends and risk over pure belief However their view is still just one perspective
What is XRP
XRP is the digital asset used within the Ripple network designed for fast lowcost international payments and currency exchanges Its one of the largest cryptocurrencies by market cap
Why would a trader call XRP holders uneducated
The criticism suggests that some holders base their investment purely on belief in the assets longterm potential or community sentiment without critically analyzing its price action regulatory challenges market use or competing technologies
Is it bad to be a perma bull
Not inherently but being only bullish without a balanced view can be risky It may lead to ignoring warning signs failing to take profits or overinvesting based on emotion rather than strategy Successful investing usually involves assessing both risks and opportunities
Advanced Practical Questions
What specific behaviors might the trader be criticizing in XRP holders
Potential behaviors include dismissing all negative news constant price predictions detached from trading volume or adoption metrics aggressive community echo chambers that attack skeptics and a lack of understanding about how XRPs utility translates to retail investor value
Does this comment reflect the entire XRP community
No Its a generalization The XRP community like any large crypto community has a spectrum of investorsfrom highly technical analysts and developers to casual supporters The label targets a visible subset perceived as overly zealous
What are the risks of being an uneducated investor in crypto
Key risks include falling for scams or hype poor timing of buyssells not diversifying