Peter Brandt said Ripple’s ecosystem developments and collaborations with banks have not changed his longstanding skepticism toward XRP. He questioned the token’s supply and whether it could expand, while acknowledging that XRP can facilitate transactions cheaply and effectively. Brandt argued that transaction utility alone does not guarantee an asset will gain value, comparing XRP with the U.S. dollar. He called XRP a "dumb coin" and said transaction-focused assets should be valued differently from Bitcoin, which he views as a speculative asset with store-of-value properties. Brandt described Ethereum as a "good asset," said Ethereum and Solana could reach higher levels, and said Bitcoin makes up most of his cryptocurrency portfolio. In earlier comments, he said Bitcoin could reach $600,000 by 2029 and that additional interest-rate hikes would likely have limited influence on its price.