• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
XRP

Expert Likens XRP To Gold Due To Investment Similarities

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Zach Rector, a cryptocurrency advocate and media personality, has revealed his insights on the case regarding the security nature of XRP while drawing a comparison to the traditional store of value (Gold).

Zach Rector Confirms The True Nature Of XRP

The crypto advocate took to the social media platform X (formerly Twitter) to share and confirm his observations on the digital asset’s nature with the crypto community on Thursday.

Related Reading: Ripple Faces Potential $3 Billion Blow: Could A Settlement End The Long SEC Battle?

According to Zach Rector, just like the conventional store of value (Gold), XRP is both “a currency and a commodity,” suggesting similarities in investment value between the two assets.

Rector’s X post came in response to Ripple’s Chief Technology Officer (CTO) David “JoelKatz” Schwartz’s post also emphasizing the crypto asset’s true nature, and refuting claims that the coin is a security.

In the post, David Schwartz affirms that XRP traded in commerce is a “raw good.” Additionally, he stated that “each XRP is considered to be equivalent to other existing XRPs.”

Furthermore, he noted that this is what classifies an asset as a commodity, underscoring the token’s nature as a commodity. Schwartz also addressed the claims regarding the coin’s value being derived from external “legal obligations.” Schwartz also stated that “No third party’s legal obligations to holders contribute to the value of XRP in any way.”

He explains that an investor does not anticipate receiving extra payments, having the ability to vote, or having Ripple raise prices. Rather, market factors, including supply, demand, and investor opinions, determine value. 

Rector’s insights have triggered a stir within the crypto community, with several members expressing their displeasure in his comparison. A pseudonymous X user refuted Rector’s claims noting that XRP is not gold. They explain that this is because “Gold is money,” while the crypto asset is a readily “inflated currency exclusively used by banks.”

Meanwhile, another user also stated that instead of considering it to be an actual currency, he would much rather think of it as a “Neutral Bridge Asset, potentially backed by gold.”

The Background Of The Allegations

It is noteworthy that the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in 2020, claiming that the firm sold XRP in an unregistered securities sale, suggesting the token boasts a security nature.

Related Reading: SEC vs. Ripple: Attorney Asserts XRP’s Non-Security Status

The SEC claims that by selling the asset to investors without registering the tokens as securities or demanding an exemption from registration, Ripple participated in an unlawful securities offering.

However, in July last year, United States Judge Analisa Torres ruled that the digital asset is not a security, serving as a partial win for the payment company in its legal tussle with the Commission.

Judge Torres’ ruling states that when offered for sale to institutional buyers, it could be considered a security; but when offered to individual or retail investors via digital asset exchanges it is not a security.

XRP
XRP trading at $0.6287 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Shutterstock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

XRP

Buying XRP Now Could Be A Good Idea As Negative Sentiment Jumps To 6-Month High

7 hours ago
Ripple XRP news

Ripple Is Giving The XRP Ledger An AI Brain — Here’s How

16 hours ago
XRP price

XRP Price To Teleport To $6.9 Once Wave 3 Of 3 Is Completed

17 hours ago
XRP

XRP Is Already Penetrating SWIFT’s Network Through Multiple Entry Points, Expert Highlights How

1 day ago
XRP

XRP ETFs Coming In October? What The New SEC Generic Listing Standard Guidelines Mean

2 days ago
Ripple XRP price

Ripple Announces Major Privacy Upgrade For XRP Ledger – What To Know

2 days ago

Premium Sponsors

Press Releases

  • ...

    20 hours ago
  • Your Chance to Win Up to 10% Deposit Bonus and Up to 21K $USDT Bonus Prizes at KCEX

    Your Chance to Win Up to 10% Deposit Bonus and Up to 21K...

    1 day ago
  • 分析師稱 FARTCOIN 有望暴漲...

    1 day ago
  • Fleet Asset Management Group Brings the Power of Cloud Crypto Mining in a Low-Carbon Package.

    Fleet Asset Management Group Brings the Power of Cloud...

    2 days ago
  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.