ECB reiterates Bitcoin not eligible for reserves, analyst urges XRP swap

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Lagarde: Bitcoin won’t be ECB reserve; analyst pushes XRP over Bitcoin

A crypto analyst urged investors to swap Bitcoin for XRP after ECB chief Christine Lagarde reiterated Bitcoin won’t qualify for official reserves. The post reignited debate on shifting global reserve standards and institutional preferences.

XRP advocate John Squire told followers to dump Bitcoin for XRP in an X post that shared Lagarde’s comments on central bank reserves.

Lagarde reaffirmed that Bitcoin does not meet reserve criteria. She pointed to the need for liquidity, security, and lower exposure to illicit-finance risks. Her stance highlights ongoing caution at central banks, especially in Europe.

Squire cites the ECB’s rejection of Bitcoin as his core reason to pivot to XRP. The argument is that policy and regulatory priorities could steer long-term adoption.

Context matters. Bitcoin remains the largest crypto but faces high volatility. In the US, officials have floated a strategic Bitcoin reserve. The EU is more skeptical, with the ECB backing tighter, centralized oversight of crypto supervision.

The community split quickly. Some agree with the swap. Others prefer to diversify across both assets.

No policy change followed Lagarde’s remarks. They align with existing EU central bank principles and underline ongoing skepticism toward crypto reserves.