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Pro-XRP Lawyer Takes A Dig At Bitcoin, Calls It OverhypedPro-XRP lawyer Bill Morgan recently shared a post on X, showcasing a sense of dismay in Bitcoin.

The XRP lawyer calls the token to be overhyped, cracking down on the BTC's creator's/creators' enigmatic identity.

In a riveting turn of events, despite Bitcoin’s super-dominance across the global crypto realm, pro-XRP lawyer Bill Morgan took to a post on X, slamming the world’s first digital currency.

According to the post shared today, April 27, Morgan slated Bitcoin to be ‘overhyped,’ sparking a global fervor among crypto market participants.

Morgan’s critique of Bitcoin is not just a standalone comment, but a part of a complex narrative unfolding in the crypto sector.

The ongoing legal tussle between Consensys and the U.S. SEC over the security status of ETH has been a hot topic. In this context, Morgan’s contrasting views on Bitcoin’s dominance and altcoins’ witnessing regulatory challenges in tandem flash a new layer of intrigue and complexity in the world of cryptos.  

Morgan’s Scathing Critique of Bitcoin: What’s The Scoop?

Scoping in on the lawsuit Consensys filed, suing the SEC for considering ETH a security, Morgan captivatingly draws attention to Bitcoin.

Notably, primarily due to Bitcoin’s creators’ identity being an enigma, the token continues to enjoy endless market advantages.

To this, Morgan justifies by adding, “simply because BTC creator/s is/are pseudonymous and the SEC can find no promoters of it even though the token is most marketed,” the digital asset enjoys substantially less scrutiny compared to other coins.

Simultaneously, Morgan calls this phenomenon to be a distorted market, underscoring the complexity regulators present the cryptocurrency landscape with. Bitcoin, on the other hand, continues to advance with its cryptographic journey.


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