Crypto pundit Apex Crypto has shared an urgent update with the XRP community as he looked to debunk a theory outlined by another pundit, Lewis Jackson. Jackson suggested that the altcoin is unlikely to reach ambitious targets, such as $1,000, regardless of its utility.
Pundit Shares Urgent Update With XRP Community
In an X post, Apex Crypto stated that Lewis Jackson’s video, which covered XRP flow, utility, and private/shared ledgers, was “packed with profound misunderstandings.” He further remarked that they are filled with “blatant inaccuracies” and “outright nonsense” about how the XRP Ledger and Ripple’s solutions actually function.
Related Reading: What Does XRP Really Do? Expert Explains What It Is Built For
Apex Crypto declared that Lewis Jackson’s statements aren’t a difference in opinion but a complete disconnect from technical reality and verifiable facts. He further described the level of misinformation as “genuinely upsetting” and noted that the content is “dangerous junk” that could mislead people, especially new community members.
Lewis Jackson released a YouTube video claiming that banks do not need to hold millions of XRP to access Ripple’s cross-border payment service and perform transactions. He noted that these institutions will end up recycling the altcoin in circulation for their transactions, and so there is no impact on the price or any potential supply shock. Based on this, Jackson declared that its utility doesn’t equate to a high price for the altcoin.
He also proposed a ‘Jackson Liquidity’ framework, which Apex Crypto described alongside the conclusions in the video as being “fundamentally worthless.” The pundit stated that the statements should be “shredded, discarded, and ignored.” Apex Crypto explained that for these claims to be even 15% correct, it would mean that Ripple’s CTO, David Schwartz, who created the XRP Ledger, would have to be 100% wrong.
Apex Crypto asserted that Schwartz being wrong about how the Ledger, Interledger, AMM, and Ripple’s CBDC platform actually work is “obviously impossible” and not the case. He further remarked that Jackson’s statement was particularly frustrating because of how he positioned himself as the only one who had truly figured out how the altcoin works.
At the same time, the pundit claimed that Jackson was pushing deeply flawed misinformation and attempting to funnel the entire community toward this erroneous framework.
No Need For XRP Holders To Be Afraid
Apex Crypto assured XRP holders that there was no need to be afraid, stating that they did not need to wait for his response videos to feel confident again. He remarked that his post alone should be more than enough to reassure them that Jackson’s statements are “pure junk.” The pundit added that the fundamentals and potential of the token remain solid and that none of the noise changes a thing.
Related Reading: Why This Pundit Believes That XRP Holders Will Become Millionaires And Billionaires
Meanwhile, Apex Crypto stated that his post wasn’t a personal attack on Lewis Jackson, as he has respect for the effort that he has put in over the years. However, the pundit declared that the recent statements from Jackson are a genuine concern for the XRP community and deep frustration with the inaccuracies and the way Jackson has presented the misinformation as factual analysis.
At the time of writing, the XRP price is trading at around $1.91, up 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Freepik, chart from Tradingview.com
Editorial Process for is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
