Prominent XRP supporter Bill Morgan has reignited claims that Bitcoin’s dominant market position was artificially secured by suppressing Ripple’s early technical promise. Morgan points to a 2013 article praising XRP’s advantages and its subsequent alleged erasure as evidence of long-standing narrative control. Meanwhile, current market data shows XRP trading at $1.40, having declined over 11% in a week, while Bitcoin continues to dictate broader crypto market trends.
Claims that Bitcoin’s rise was propelled by suppressing competing narratives have resurfaced. Pro-cryptocurrency lawyer Bill Morgan alleges Bitcoin’s market position was protected by sidelining Ripple’s initial potential.
Morgan bases his argument on a 2013 article by journalist Felix Salmon titled “The Promise of Ripple.” He states the article reportedly praised XRP’s technical edge over Bitcoin but has since become difficult to locate. “The positive XRP narrative, which Morgan supports, has become difficult for him to locate through online research,” the information notes.
He further points to redactions in a disclosed U.S. document concerning Salmon’s views. Morgan believes this indicates efforts to control the Ripple narrative for over a decade. “He believes that Bitcoin’s emergence did not happen through natural development,” the report states.
Morgan claims XRP was initially seen as a superior technical option, offering faster transactions and better scalability. He argues these benefits were downplayed by Bitcoin proponents to establish Bitcoin as the primary digital currency.
Current market performance, however, tells a different story. Bitcoin remains the dominant force dictating price movements across the cryptocurrency sector. XRP’s value has declined 11.66% over the past week.
As of press time, XRP trades at $1.40, marking a 2.85% decline in 24 hours. Its 24-hour trading volume also fell approximately 12.78% to around $3.17 billion. The conflict between the alleged historical narrative and present market numbers remains unresolved.
