Peter Brandt Says XRP Transactional Utility Alone Does Not Increase Its Value, Separates XRP From Bitcoin

Peter Brandt distinguishes XRP from Bitcoin, acknowledging XRP’s low-cost transactional utility while questioning whether that use alone justifies a higher market valuation.

Veteran trader Peter Brandt has reiterated his skeptical view of XRP while acknowledging that the crypto can be used effectively and cheaply for transactions. His latest comments focused on whether XRP’s transactional utility necessarily translates into a higher market valuation.

Brandt discussed XRP during a recent appearance on Cointelegraph’s Trade Secrets. After describing Bitcoin primarily as a store-of-value asset, he contrasted it with XRP, which he characterized as a utility-focused cryptocurrency.

During the discussion, he referred to XRP dismissively as a “fool coin,” but subsequently acknowledged its practical transactional capabilities.

When asked whether his view had changed amid Ripple’s expanding partnerships and progress, Brandt focused on XRP’s supply and transactional use.

He said XRP “can be used and it can be effectively used for transactional purposes cheaply.” However, Brandt argued that an asset being useful for transactions does not automatically establish how much it should be worth in the market.

His argument centered on valuation. Brandt compared XRP’s transactional role with traditional currencies such as the U.S. dollar, noting that people do not necessarily buy and hold dollars simply because they function efficiently as a medium of exchange.

According to Brandt, XRP could eventually reach a point where market participants can better distinguish between what constitutes an overvalued or undervalued price based on its transactional role.

He contrasted this framework with Bitcoin, which he views primarily as a store-of-value asset rather than a transactional asset.

Brandt Raises XRP Supply Question, but XRPL Supply Is Fixed

Brandt also questioned XRP’s supply, asking whether the total could grow or be expanded in the future.

However, XRP Ledger documentation states that XRP’s maximum supply is capped at 100 billion tokens and that all XRP was created when the ledger launched. No additional XRP can be minted. learn.xrpl.org

The protocol also checks that transactions do not create new XRP. Transaction fees are permanently destroyed, meaning the total XRP supply gradually decreases rather than expands through new issuance. XRP Ledger

That distinction separates XRP from other tokens issued on the XRP Ledger, which can have issuers and different supply mechanisms.

Brandt Separates Transactional, Store-of-Value and Platform Assets

Brandt said cryptocurrencies should be evaluated according to their underlying function. He separated what he described as transactional cryptocurrencies, store-of-value assets and platforms such as Ethereum that support applications and additional functionality.

Earlier in the interview, Brandt was also asked about diversifying a crypto portfolio across Ethereum, XRP and Solana. He supported diversification among established cryptocurrencies while warning against repeatedly chasing newly launched assets.

In that segment, he specifically said he expected Ethereum and Solana to move higher, but the transcript does not record an equivalent XRP price forecast.

His XRP-specific remarks therefore stopped short of providing a price target. Instead, Brandt’s focus remained on whether increased transactional adoption can eventually produce a clearer framework for determining XRP’s market value.