Crypto Bombshells: Ex-Ripple CTO Declares Bitcoin a 'Dead End' Amid Goldman Sachs' XRP ETF Bet

The cryptocurrency market is currently witnessing significant movements across various digital assets, from a major meme coin attempting stabilization to a prominent figure in the blockchain space making bold claims about Bitcoin, and a traditional financial giant making substantial investments in XRP. These developments collectively highlight the dynamic and evolving landscape of digital finance, showcasing both the volatile nature of altcoins and the growing institutional interest in regulated crypto products.
Shiba Inu (SHIB), a popular meme coin, is showing signs of potential stabilization after experiencing a sharp breakdown and months of sustained selling pressure. The token had dropped to multi-year lows, briefly falling below the critical $0.000006 mark earlier in the week. However, SHIB has since recovered above this level, providing traders with a possible early indication that the intense selling momentum might finally be subsiding. This reclamation of the $0.000006 zone holds considerable technical significance, as it now serves as an immediate support area. Despite this rebound, the broader trend for SHIB remains bearish, as its price is still trading below declining moving averages. The crucial question for investors is whether this current rebound signifies the beginning of a longer-term uptrend or merely a temporary pause in a continued decline. If SHIB can successfully maintain its position above $0.000006, it could potentially establish a base, allowing the token to attempt a recovery toward adjacent resistance zones, a key step in reversing its recent downtrend.
In a provocative statement, David Schwartz, Ripple’s newly appointed CTO Emeritus and co-creator of the XRP Ledger, has labeled Bitcoin a "technological dead end." Schwartz argued that Bitcoin’s success is no longer dependent on technological innovation, particularly at the blockchain layer. He recently revealed that he had sold nearly all of his Bitcoin holdings when it was valued at $7,500. When asked if he would consider working on Bitcoin development again, Schwartz bluntly rejected the idea, stating, "Not really. I think bitcoin is largely a technological dead end for the same reason the dollar is." He further elaborated that the technology "just doesn't seem to matter all that much to its success, at least not at the blockchain layer." This assertion implies that Bitcoin has transitioned into a monetary standard where its stability and established status are prioritized over further technological upgrades or innovations, suggesting its future growth might be decoupled from its underlying technological evolution.
Meanwhile, institutional interest in the cryptocurrency space continues to grow, with Goldman Sachs making a significant move into XRP ETFs. Evernorth, an XRP Treasury company, highlighted that Goldman Sachs recently disclosed a $152 million position in XRP ETFs as of the end of Q4 2025. This substantial investment accounts for nearly 14% of the net XRP ETF inflows observed over the past year. Evernorth emphasized that this demonstrates the effectiveness of XRP ETFs in providing regulated, institutional-scale access to the digital asset, validating their role as a bridge for traditional finance into the crypto market. It is important to note that Goldman Sachs’ new positions are held entirely through U.S. spot ETFs, rather than direct ownership of XRP tokens. The $152 million bet is diversified across several prominent issuers, including the Bitwise XRP ETF ($39.8 million), Franklin XRP Trust ($38.5 million), Grayscale XRP Trust ($38.0 million), and 21Shares XRP ETF ($35.9 million), signaling a strategic and regulated approach to gaining exposure to XRP through established investment vehicles.
You may also like...
Chelsea Lands Xabi Alonso: Sources Confirm Coaching Agreement!

Xabi Alonso is expected to be confirmed as Chelsea's new head coach within 24 hours, having agreed to a four-year contra...
Carrick Set for Permanent Man Utd Role: Sources Reveal Deal Close!

Manchester United is reportedly close to announcing Michael Carrick as their permanent head coach, following rapid talks...
Cannes Sensation 'Paper Tiger' Ignites Controversy and Critical Buzz!

Director James Gray's "Paper Tiger" debuted at Cannes to a standing ovation, though star Scarlett Johansson was absent. ...
007 Shake-Up: Tom Francis Auditions for Bond, Amazon MGM Confirms New Movie Plans!

The James Bond franchise is buzzing with a new video game and an upcoming Amazon film. While '007 First Light' is set fo...
Paul Dano Unveils Secret Second Directorial Project: Exclusive First Look!

Paul Dano discusses his new role in "The Wizard of the Kremlin," detailing his character's "complicity in evil" and his ...
Shocking Twist! Star Reveals 'Obsession' Horror Movie Ending Was Completely Rewritten!

"Obsession," starring Inde Navarrette, is hailed as a breakout horror classic of 2026, showcasing Navarrette's awards-wo...
Davido's 5IVE Alive Tour Look in Guinea Sets Social Media Ablaze!

Afrobeats superstar Davido turned heads with his custom stage wardrobe during the Conakry stop of his 5IVE Alive global ...
Burna Boy & Shakira Drop Electrifying FIFA World Cup 2026 Anthem 'Dai Dai'!

Shakira and Burna Boy have released “Dai Dai,” the official anthem for the FIFA World Cup 2026, blending Afrobeats, danc...





