Veteran trader Peter Brandt has labeled XRP a “fool coin,” questioning whether the token’s usefulness as a payment asset justifies its valuation as an investment. His remarks were reported by BSC News (BSCN) and highlighted in a post on X, with coverage published by Hokanews on September 30, 2026.

According to BSCN, Brandt acknowledged that XRP can be effective for transactions and is relatively inexpensive to use. However, he questioned whether those characteristics alone create additional value for the asset as an investment.

Brandt Questions XRP’s Value Proposition

Brandt’s comments center on the distinction between XRP’s utility as a payment asset and its valuation in financial markets. BSCN reported that the veteran trader considers XRP’s transaction utility and low cost insufficient on their own to justify an increase in the cryptocurrency’s market value. In that view, an asset can serve a practical function in payments without that function necessarily translating into a higher market valuation.

The comments do not dispute the reported usefulness of XRP for transactions. Instead, they question whether payment utility provides a sufficient economic basis for investors seeking returns from holding the asset—a distinction that matters to anyone weighing a token’s everyday usefulness against its case as a holding.

Payment Utility and Market Value

The distinction raised by Brandt is particularly relevant to cryptocurrencies that are used or promoted for payment-related purposes, because the qualities that make a token practical to transact with are not the same qualities buyers and sellers weigh when setting its price. Transaction efficiency and low fees describe how an asset can function within a payment system, while market value reflects what buyers and sellers are willing to pay for the asset. Brandt’s argument, as reported by BSCN, is that those two characteristics should not automatically be treated as equivalent.

His assessment is that XRP’s ability to facilitate transactions does not, by itself, establish a reason for the token’s market value to rise. BSCN did not provide additional details about Brandt’s broader assessment of XRP, including specific valuation metrics, price targets, or alternative factors that he believes could influence the asset’s market value.

XRP’s Investment Question Remains Separate

The comments also raise a broader question about whether XRP can represent a good return on investment. That question cannot be answered solely on the basis of the cryptocurrency’s payment functionality, and the BSCN post does not include performance data or a specific investment forecast from Brandt.

Brandt’s remarks are therefore best understood as an assessment of the relationship between XRP’s utility and its valuation rather than a documented prediction of its future price. The BSCN report does not include a specific price target or timeframe from Brandt for XRP, leaving the investment question separate from his criticism of the token’s value proposition.

For now, the reasoning behind the “fool coin” characterization rests with Brandt himself: any expanded argument or valuation framework would have to surface through his own statements or follow-up coverage, since neither the BSCN post nor the Hokanews report contains it.

Source and Attribution

The underlying report was written by Ethan Collins, a crypto journalist at Hokanews. Collins reports on developments across the cryptocurrency and blockchain sector, with coverage spanning market movements, protocol updates, regulatory changes, and emerging trends in digital assets. He focuses on presenting complex topics in a clear and accessible manner for a broad readership.

Hokanews notes in its disclaimer that its articles are intended to keep readers updated on the latest developments in crypto, tech, and beyond, but are not financial advice. The publication says it shares information, trends, and insights rather than telling readers to buy, sell, or invest, and that readers should always do their own homework—and ideally seek guidance from a qualified financial advisor—before making financial decisions. Hokanews states it is not responsible for any losses or gains that might result from acting on its content, and that while it aims for accuracy, it cannot promise information is 100% complete or up to date, given how quickly crypto and tech move.