mstrong began by addressing the ongoing competition between XRP and Ethereum for the second spot in the cryptocurrency rankings.
While Ethereum has held this position for extended years, XRP briefly overtook it in 2018. Armstrong believes XRP has a strong chance of regaining that spot during this bull cycle.
According to him, XRP is positioning itself as a major player in the global financial system, with a supposed appeal to both BRICS nations and Western powers like the IMF.
He further elaborates that while Ethereum continues to be adopted by enterprises and institutional investors, regular retail investors may shy away due to Ethereum’s slow transaction speeds, especially when compared to faster blockchains like Solana.
Nonetheless, Armstrong noted that institutions that don’t require instant transactions will continue to favor Ethereum for its stability and role in decentralized finance (DeFi).