Retired UFC Fighter Ben Askren Believes XRP Is A Scam

The retired UFC fighter Ben Askren who was most popular for supporting a few several cryptocurrencies in the past, recently stated that he believes XRP is a scam. Let’s find out more about the Ripple XRP news.

XRP is now the third-largest cryptocurrency in the world by market cap and has seen a lot of accusations over the years. The coin was accused of centralization, being a scam, market manipulation, dumping on investors and much more. After a few comments from the parent company of XPR, Ripple, it seems that the debates around XRP’s legitimacy have been put to rest. However, the retired UFC fighter doesn’t seem to think that this is over. He recently posted on his twitter that he believes XRP is a scam.

Askren has had a long history of supporting cryptocurrencies and was often described as the Bitcoin bull to which he accurately predicted that Bitcoin will surpass $10,000 back in early 2019. What is most interesting is that in October last year, he also used Twitter to challenge ‘’crypto geniuses’’ and dare them to explain why crypto is a scam. A few months after that, he started claiming that one of the largest cryptocurrencies which are ripple, is a scam, causing mixed feelings among his followers. Many do share his opinion while others have found that his opinion is uninformed.

As mentioned before, Askren becomes known as a supporter of a few cryptocurrencies but mainly of Bitcoin and Litecoin. He represented LTC by wearing litecoin-branded clothes and he even shared the coin’s progression when the price surged. While he does seem to be a fan of bitcoin, he remains skeptical of XRP. His tweet regarding XRP is pretty much the only time that he had even commented on a coin that is not Bitcoin or Litecoin. He is also far off from being the only one that trashed XRP these days since a similar sentiment was seen by the former Wall Street Trader Tone Vays who became a Bitcoin analyst after he left Wall Street. Vays said that Ripple’s token has no place in the industry.

Vays commented on the XRP coin once even openly calling it a scam coin. He mentioned that he is mostly convinced that Ripple created XRP as a completely fictional utility and he seems pretty sure that the coin is unregulated.