Crypto proponent John Squire recently issued a clear statement urging investors to reconsider their Bitcoin positions. His message was direct: “Please exchange your #Bitcoin for XRP if you haven’t already.” In the tweet, he captioned a video of European Central Bank (ECB) President Christine Lagarde addressing Bitcoin’s role in central bank reserves. By pairing his statement with Lagarde’s remarks, Squire highlighted what he views as the shortcomings of Bitcoin within the institutional finance ecosystem. Please exchange your #Bitcoin for #XRP if you haven’t already. pic.twitter.com/93CdPGKCOl — John Squire (@TheCryptoSquire) September 20, 2025 Lagarde’s Position on Bitcoin Reserves In the video, Lagarde explained the reasoning behind the ECB’s rejection of Bitcoin . She emphasized that reserves must be liquid, secure, and safe, and free from risks tied to money laundering or criminal activity. Lagarde added that she was confident Bitcoin would not be accepted as a reserve asset by either the Governing Council or the General Council of the ECB. She noted that conversations with European colleagues, including representatives from the Czech Republic, reinforced the commitment to maintaining strict standards for reserve assets. Her stance reflected a broader consensus within the ECB to exclude Bitcoin from official reserves. Implications for Crypto Investors Squire’s call to exchange Bitcoin for XRP reflected an ongoing debate within the crypto sector. Bitcoin, while the most recognized cryptocurrency, continues to face scrutiny from regulators and financial authorities who question its suitability as a reserve. XRP, by contrast, is frequently promoted by advocates as a digital asset designed with institutional utility in mind, especially for cross-border payments and liquidity management. By drawing attention to Lagarde’s comments, Squire highlighted the challenges Bitcoin faces in gaining acceptance from central banks, while presenting XRP as an alternative more aligned with institutional requirements. His stance positioned XRP as an asset with greater long-term compatibility with regulated financial systems. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Community Reactions to Squire’s Statement Other users shared their perspectives in response. A user identified as Matty M opposed Squire’s call, arguing that Bitcoin was created to break away from central banks and what they represent. This view reflects a belief in Bitcoin as a symbol of independence rather than a means of institutional integration. Another user, Lonely Rose, expressed support for holding both Bitcoin and XRP but stated they intended to increase their XRP holdings in anticipation of future growth. Their perspective reflected a strategy of diversification while favoring XRP’s potential gains. John Squire’s post, paired with Lagarde’s rejection of Bitcoin as a reserve asset, highlighted the ongoing divide in how digital assets are perceived. Squire framed XRP as a stronger option for those considering institutional alignment, while critics defended Bitcoin’s independence. Lagarde’s remarks reinforced the ECB’s resistance to Bitcoin, leaving open the question of whether assets like XRP could one day meet the criteria for inclusion in central bank reserves. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Pundit: Exchange Your Bitcoin for XRP If You Haven’t Already. Here’s why appeared first on Times Tabloid .
