Financial expert Gary Cardone is pushing back on claims that Michael Saylor would have doubled MicroStrategy’s gains if he invested in XRP instead of Bitcoin.
The debate over how much profit MicroStrategy might have earned by investing in XRP instead of Bitcoin has taken center stage in the crypto community. This came after the prices of XRP and Bitcoin soared tremendously over the past week.
Strategy Would Have Doubled Its Gains If It Invested in XRP
Following the rally, a major figure in the XRP community, Gordon, claimed that MicroStrategy would have doubled its profit as of July 19 if it added XRP to its balance sheet instead of Bitcoin.
Gordon shared a chart that compares MicroStrategy’s actual Bitcoin holdings against a hypothetical portfolio of XRP purchased with the same capital the company had committed to BTC since August 2020.
Per the chart, while the cumulative value of MicroStrategy’s actual Bitcoin holdings stood at $70 billion, the hypothetical XRP portfolio would have been worth nearly $140 billion. Accordingly, Gordon suggested that if Saylor had invested in XRP instead of Bitcoin, MicroStrategy’s cumulative gains would have doubled.
However, Cardone challenged this claim, emphasizing that MicroStrategy’s executive chairman would have faced endless lawsuits and eventually gone bankrupt if he had invested in anything other than Bitcoin.
“He already has the money and does not need to rename it to XRP,” Cardone remarked.
Why Isn’t Ripple Creating an XRP Reserve?
Meanwhile, Cardone took the conversation further by asking why Ripple has not adopted Saylor’s playbook by adding XRP to its own balance sheet. He argued that if the company truly believes the token delivers substantial returns, it should have implemented a similar XRP strategy.
Specifically, Cardone stated that if Gordon’s claim holds water, then Ripple, its stakeholders, its management team, and XRP holders are the biggest losers.
Gordon; M. Saylor would be bankrupt and have endless lawsuits had he put anything other than BTC on its balance sheet! He already had the $ he did not need to rename it to xrp.
However,
IF this hypothetical has value for consideration, the true loser is Ripple, its… https://t.co/evIsiuKfWj— Gary Cardone (@GaryCardone) July 19, 2025
Moreover, Cardone pointed out that Ripple has yet to establish a strategic XRP reserve, despite ongoing claims about the token’s real-world value, which has attracted interest from Wall Street. In his view, Ripple’s current strategy raises questions about its confidence in XRP.
Cardone even suggested that something might be preventing Ripple from creating a strategic XRP reserve—yet no one is asking why.
“Why haven’t your leaders created a strategic XRP reserve for Ripple?” he asked.
XRP Army Reacts
Notably, this is not the first time Cardone has raised this question. Last month, he emphasized that Ripple would have created an XRP reserve if it believed the token could reach some of the widely speculated prices, such as $8,000 per coin.
He made this statement after shares of the Ethereum-focused corporate treasury company, SharpLink Gaming, plunged 73% in after-hours trading, prompting some enthusiasts to pitch XRP as a reliable reserve asset.
Cardone’s remarks highlight what some see as inconsistency among XRP and Ripple critics. They have long criticized Ripple’s control over XRP through its large escrow holdings. Yet, they simultaneously call on the company to establish a strategic reserve for the token.
Pro-XRP lawyer Bill Morgan echoed this sentiment in his response to the conversation. He said such criticisms portray Ripple as problematic for holding too much XRP, yet still demand that it hold even more.
Morgan added that XRP has consistently challenged the logic of Bitcoin maximalists and has remained among the top 10 cryptocurrencies by market capitalization.
In the meantime, several publicly listed companies, including Trident Digital, VivoPower, and Webus International, have announced plans to hold XRP as a treasury asset.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
