TLDR
- Bill Morgan defends XRP’s finite supply, saying it’s a positive feature, similar to Bitcoin’s scarcity.
- Ripple’s CEO Brad Garlinghouse supports escrow as a tool for market trust and predictable supply.
- XRP offers greater utility for financial institutions compared to Bitcoin’s store-of-value use case.
- The Ripple lawsuit settlement may spark corporate interest in XRP, potentially driving its price higher.
After the recent conclusion of the Ripple lawsuit, Bitcoin supporters have once again targeted XRP. Pro-Ripple lawyer Bill Morgan, however, responded to these attacks by claiming that Bitcoin does not have a major advantage over XRP. His comments come as Ripple released XRP from its escrow account, which Bitcoin advocates argue may harm XRP’s price. Morgan, however, believes this move has no significant effect on XRP’s price.
Ripple Lawyer Defends XRP’s Escrow Release
Bill Morgan, a lawyer supporting Ripple, responded to claims that XRP’s release from escrow would negatively impact its price. He emphasized that Ripple’s CEO, Brad Garlinghouse, has clarified the purpose of escrow, such as offering predictable supply and creating a more trustworthy market.
Morgan stated, “Even after eight years, if you do not agree with him, there are scores of compelling reasons why the release of XRP from escrow provides no helpful explanation of significant XRP price movement.”
That just means the supply is finite. As the bitcoin maxis say, a finite supply is one of the characteristics that makes a crypto hard money. The fact that the XRP supply it’s finite is as much a positive for XRP as it is for bitcoin
— bill morgan (@Belisarius2020) August 12, 2025
Morgan also pointed out that during the SEC vs Ripple lawsuit, the SEC acknowledged that escrow was a measure designed to stabilize XRP’s price. According to Morgan, claims that the release of XRP from escrow would lead to price issues misunderstand the role that escrow plays in controlling the supply of XRP.
Bitcoin Maximalists Critique XRP’s Structure
In the ongoing debate between Bitcoin and Ripple supporters, some Bitcoin maximalists have raised concerns over XRP’s centralized structure. One Bitcoin supporter argued that XRP is “100% centrally issued pre-mine,” which they believe undermines its value. Morgan, however, disagreed with this criticism. He noted that the finite supply of XRP is similar to Bitcoin’s, which is often considered a key factor that gives Bitcoin its value. Morgan added,
“That just means the supply is finite. As the Bitcoin maxis say, a finite supply is one of the characteristics that makes crypto hard money.”
While some Bitcoin advocates argue that Bitcoin’s mining process gives it a distinct edge, Morgan emphasized that XRP’s finite supply is a positive feature. He explained that both Bitcoin and XRP benefit from having limited supply, and this scarcity can help support their value in the long term.
XRP’s Utility Versus Bitcoin’s Store of Value
Morgan’s defense of XRP also focused on its utility compared to Bitcoin. While Bitcoin is often seen as a store of value, Morgan believes that XRP offers more practical use cases.
He pointed out that Ripple’s technology is already being used by financial institutions for cross-border transactions, which provides XRP with a level of real-world utility that Bitcoin currently does not have.
Morgan also mentioned that the characteristics of hard money, such as durability, scarcity, and stability, apply equally to both Bitcoin and XRP. He argued that Bitcoin and XRP share many of these qualities, making the debate over which coin holds the greater advantage less clear-cut. According to Morgan, the utility and scalability of XRP might even place it in a stronger position as the crypto market continues to evolve.
Future of XRP Following the Settlement
The recent settlement in the Ripple lawsuit may also have long-term effects on XRP. Morgan suggested that the conclusion of the legal battle could trigger a corporate race for XRP. As Ripple has gained clarity about its regulatory standing, many companies may look to use XRP for various financial services.
Currently, XRP is priced at $3.22, with many analysts predicting that its price could rise further, especially if the corporate demand for the token increases.
Despite the ongoing rivalry between Bitcoin supporters and Ripple advocates, it seems clear that both cryptocurrencies have their unique strengths. The conclusion of the legal issues surrounding Ripple might lead to more widespread adoption of XRP, but it will also keep the debate about its advantages compared to Bitcoin ongoing.
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