Ripple News

Ripple News | Bitcoin Built On “Poor Technology” Says Ripple Chief Strategist Cory Johnson

bitcoin bash

Twitter user Steven Diep posted a video on Twitter which shows Ripple Chief Strategist Cory Johnson bashing Bitcoin (BTC).

Johnson said that Bitcoin is built on inferior technology and has too many technological limitations allowing it to scale as per demand.

In the video, he also speaks about how Bitcoin has become a lot centralised with Chinese miners having a lot of power of the Bitcoin network.

However, it is important to note that Ripple has also come under crossfire for pre-mining over two-thirds of XRP tokens and thus building a centralised system of XRP themselves.

XRP Used More Than Bitcoin Nowadays

Johnson also pointed out that the Ripple cryptocurrency (XRP) is now used in more transactions nowadays, especially in transactions across borders, than any other digital assets including Bitcoin.

This is no surprise as XRP is now ranked as the second biggest cryptocurrency by AltDex 100 Index (ALT100) with a market capitalisation of $16.1 billion.

Not the First Time for Johnson

This is not the first time Cory Johnson has made some provocative comments to promote XRP. Back in October, Johnson tweeted that the relationship between Ripple and XRP is like Chevron’s relation to oil. This tweet was a response to the growing confusion about the relationship between Ripple and their digital currency XRP.

As Bitcoin prices are falling sharply below expectations, many view Johnson’s comments as a way to promote XRP and cash in on the failing Bitcoin trend.

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