Renowned Bitcoin Advocate Warns About XRP

Renowned Bitcoin advocate Davinci Jeremie has issued a public warning about XRP, claiming that funds in XRP could be frozen at will, putting holders at risk.

According to Jeremie, “Your money is not truly yours with XRP. They can freeze it any time.” He explained his reasoning, stating that XRP is a “banker’s coin,” given its utility in the financial system.

Jeremie suggested that those who are okay with supporting banks that could potentially steal people’s wealth should buy XRP, arguing that doing so means backing the wealthiest criminals in society. “If you love your criminal banker, buy XRP,” he said.

In contrast, Jeremie advocated for investing in Bitcoin, claiming it is people’s money and not controlled by any central authority. He predicted that, in the future, Bitcoin will be the crypto asset everyone uses, offering more freedom.

Jeremie argued that this potential exists because the underlying Bitcoin protocol cannot be modified. He claimed that, in contrast, XRP developers could alter the token’s supply in the future if they deem it necessary, and the “XRP creators” could block holders from making transfers.

He backed up his view by questioning why countries like Venezuela or Iran are not using XRP as a means of transaction, asserting, “Because they know they’ll be stopped.”

Jeremie’s negative sentiment about XRP has triggered heated reactions within the XRP community, garnering nearly 400K views and thousands of comments.

Clarifying Facts on XRP Freezing

A community note on X has emerged to debunk some of Jeremie’s sweeping claims. It pointed out that while the XRP Ledger does have a freeze feature, it applies only to issued tokens, not XRP itself, meaning no one can freeze XRP. References to XRPL documentation supported this clarification.

Meanwhile, commentators opposing Jeremie, such as Moon Lambo, accused him of being deceptive and warned that he risks losing his credibility.

Jeremie Facing Legal Action?

Prominent pro-crypto attorney Bill Morgan responded to Jeremie’s commentary, highlighting potential legal implications. He stated that Jeremie’s statements could be viewed as deliberately dishonest and noted that individuals who act on his claims and suffer losses might sue him.

> This is just deliberate dishonesty. People like this will eventually be sued by other people who believe it, act on it and suffer financial losses.
> — bill morgan (@Belisarius2020) February 18, 2025

Notably, this negative comment follows weeks after Jeremie suggested XRP could reach $24, while also cautioning that he does not hold XRP for the long term.