Expert: I Warned You About Bitcoin. XRP and XLM Will Boost Parallel Economy

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Versan Aljarrah, founder of Black Swan Capitalist, issued a renewed warning on Bitcoin in a recent post, stating that his concerns are rooted in factual considerations rather than market narratives.

According to Aljarrah, Bitcoin’s anonymous creation was intentional and has enabled practices that, in his view, support speculative manipulation rather than long-term financial utility.

He argued that Bitcoin has been driven by mechanisms designed to amplify price movements and that its real-world usage extends into areas that most market participants do not fully understand or acknowledge.

Aljarrah emphasized that these characteristics require direct recognition, particularly as digital assets continue to be evaluated for their role in global finance. His comments describe Bitcoin as a system whose structure and incentives differ fundamentally from networks designed to integrate with regulated financial institutions.

Contrasting Bitcoin With Infrastructure-Focused Networks

In the same statement, Aljarrah contrasted Bitcoin with the ongoing development efforts behind the networks associated with Ripple and Stellar. He asserted that these ecosystems have concentrated on building functional infrastructure rather than relying on speculative appeal.

Aljarrah stated that XRP is used to settle cross-border payments for major banks with speed and cost efficiency, and XLM supports financial inclusion initiatives, currency stabilization efforts, and government-backed pilot programs.

He described both networks as systems engineered for durability and institutional relevance. According to Aljarrah, their design priorities align with existing financial systems while also enabling new forms of digital settlement, positioning them for long-term adoption rather than short-term market cycles.

Video Commentary Highlighting Structural Concerns Around Bitcoin

The tweet included a video compilation featuring several speakers who expanded on these themes. In the footage, one speaker alleged that Bitcoin mining incentives encourage market manipulation tactics and highlighted concerns about the nature of certain transaction activity.

Another speaker questioned Bitcoin’s effectiveness as a payment method, citing issues related to transaction speed, volatility, and lack of operational history compared to established financial systems.

Additional commentary focused on scalability and functionality, with speakers noting that networks such as those supporting XRP and XLM have addressed transaction throughput and efficiency limitations.

One segment discussed wash trading practices, describing them as a method to create artificial trading volume. Other speakers questioned Bitcoin’s technical limitations, particularly the absence of native smart contract and decentralized application capabilities.

A Projection of a Parallel Financial System

Aljarrah concluded that when current market volatility subsides, XRP and XLM will form the foundation of what he described as a parallel economy. In his view, this system will connect traditional finance with an emerging digital financial architecture.

He describes this outcome as a structural evolution rather than a speculative scenario, grounded in infrastructure, institutional use, and network utility.

While his assessment challenges widely held perceptions of Bitcoin’s role, Aljarrah’s message centers on the distinction between assets driven by speculation and networks built for integration into the global financial system.

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