Renowned crypto commentator Coach JV has again made a strong case for XRP and Bitcoin as essential tools for financial protection.

In his latest post on X, he shared why he stores his family’s “hard-earned money” in these digital assets. Specifically, he pointed to the U.S. dollar’s steady decline in purchasing power since 1913. 

According to him, inflation has eroded 96–97% of the dollar’s value, silently robbing households year after year.

His latest message highlights a recurring theme in his recent commentaries: traditional money tends to lose value over time, but assets like XRP and Bitcoin protect and increase wealth because their supply is limited.

“Deflationary, Fixed-Supply Assets That Beat Inflation”

Coach JV describes XRP and Bitcoin as deflationary, fixed-supply assets that naturally outpace inflation because their supply is limited.

Bitcoin’s maximum cap of 21 million coins and XRP’s fixed total supply of 100 billion tokens make them the opposite of fiat currency, which can be printed without restraint, a practice that weakens its value.

For context, with U.S. inflation at 3.2% per year, the dollar has lost about 37% of its value over the last ten years. In perspective, $10,000 in 2015 is now roughly worth $7,300.

Meanwhile, during this time, the value of 1 BTC has risen 20,900%, from $600 in October 2015 to $126,000 in October 2025.

As for 1 XRP, the ten-year performance has been even more dramatic. Just $0.0045 could buy 1 XRP in 2015, and today the price is close to $3. This means a staggering price appreciation of over 65,000%.

These contrasting performances from crypto assets in relation to fiat currently explain why many continue to favor them as a means of wealth preservation.

XRP and Bitcoin as the Path to Financial Freedom

The broader XRP community shares Coach JV’s conviction. In an analysis last month, Zach Rector forecasted that XRP could reach $100 due to macroeconomic weaknesses in the U.S. economy. 

With 1.2 million fewer jobs added over 16 months, rising unemployment, and creeping inflation, he made a case for investors to seek safety in assets like XRP, gold, and other tokens.

Notably, the U.S. economy’s downgrade caused the Federal Reserve to consider rate cuts in September, which is typically bullish for crypto. Rector highlights XRP’s 580% surge after Trump’s election and notes similar performances by XLM, HBAR, and precious metals as defensive plays.

Meanwhile, back in May, BitMEX co-founder Arthur Hayes forecasted Bitcoin soaring to $1 million by 2028 due to capital flight from weakening U.S. Treasuries and global financial fragmentation.

Hayes highlighted Bitcoin’s advantage over gold as a borderless, bearer asset that moves without intermediaries, citing strong OTC liquidity in China despite exchange bans. He expects similar underground markets to emerge globally amid rising capital controls.

In his view, with $33 trillion in foreign portfolio assets, even a 10% shift (~$3.3 trillion) into Bitcoin could overwhelm exchange liquidity and sharply boost prices.

Essentially, as confidence continues to erode in the traditional financial system, the case for wealth preservation in crypto assets remains strong.

“GOD, Family, and Protection of Your Ecosystem”

In that order, Coach JV closes his message, saying, “GOD, family, and protecting your ecosystem at all costs”. He urges his followers to take proactive steps to invest wisely, safeguard their income, and protect their wealth from the hidden erosion caused by inflation and systemic fragility.

Flare co-founder Hugo Philion has updated the community on the surging demand for FXRP, revealing that $43 million worth of XRP has been bridged onto the network.

The development comes barely two weeks after Flare launched its FAssets project, granting XRP holders access to yield-bearing opportunities. Since its launch, the project has seen widespread demand, with Philion confirming that the total value of XRP bridged onto its network has reached $43 million. 

Notably, the bridged XRP was used to mint FXRP, a wrapped version of XRP on the Flare blockchain. Through this process, users can participate in DeFi activities, such as lending, without having to sell their tokens. 

At current prices, the total value locked (TVL) in the FAsset protocol has climbed to $43.04 million, according to Dune Analytics, representing a total supply of 15 million FXRP. 

XRP Holders Gulp Up Latest 5M FXRP Minting Cap in 3 Hours 

Despite the impressive growth, the Flare team has maintained a weekly minting cap of 5 million FXRP to help regulate supply and ensure stability during the project’s early phase.

Interestingly, XRP community members have shown overwhelming enthusiasm, as each new 5 million FXRP allocation has been fully minted within just a few hours of release. 

As reported earlier, the initial 5 million FXRP allocation launched on September 24 was fully minted within four hours. Remarkably, the latest minting round reached its 5 million cap even faster, setting a new record by completing in just three hours. 

The minting process requires users to transfer their XRP tokens from the XRP Ledger to a self-custody wallet. From there, they can mint FXRP using tools such as Oracle Daemon or Agent Utility (AU).

Another cap, another record.

5 million FXRP minted in 3 hours.

Demand speaks for itself. pic.twitter.com/uICf7vcjP1

— Flare ☀️ (@FlareNetworks) October 8, 2025

New Mint Cap to Roll Out Today 

In the meantime, several users who missed out on previous minting rounds have raised concerns that the timing of the events tends to favor certain regions. 

In response, the Flare team announced plans to introduce another minting cap today, October 9, scheduled according to the U.S. timezone, to give users in that region a fairer opportunity to participate. 

However, those who miss the minting window but still wish to obtain FXRP can purchase it on decentralized exchanges within the Flare ecosystem, including Enosys and SparkDEX. 

While retail users have driven the adoption of FXRP, Philion believes that institutional clients will drive the next wave of demand once the supply exceeds $100 million.  

Reports confirm that an investor recently lost XRP worth over $71,000 to hackers while using the Ledger wallet.

Vincent Scott, a publicly funded journalist, recently shared the story on X, revealing that the user lost 25,000 XRP, worth about $71,000, from his Ledger hardware wallet. 

Scanty Details Around the Hack

According to Scott, the victim said the loss happened while trying to log into Ledger Live, the app that connects to the hardware wallet. The post drew attention in the community, triggering discussions over whether the loss came from Ledger’s end or from a mistake by the user.

One of our people just got drained 25k XRP from Ledger

Yal.
Change your passcodes randomly

You never know what malware is installed in your cpu with some AI just waiting for you

Just ONE scam email or text or whatever can fuck you over

Then boom gone.

— VincentScott (@VincentSco72192) October 8, 2025

In his commentary, Scott warned others to change their passcodes regularly and stay alert for hidden malware that could be waiting to strike. Notably, he stressed that one careless click on a fake link or email could be enough to drain an entire crypto balance. 

Interestingly, when investors asked where exactly the breach took place, Scott explained that the user blamed Ledger Live. However, community members have taken to questioning the claim. 

Hardware Issue or User Negligence?

Specifically, some pointed out that Ledger Live doesn’t store crypto, as it only acts as a bridge between the hardware wallet and the blockchain. They also noted that Ledger Live always requires a physical connection to the hardware device before anyone can send funds, which makes a hack through the software itself very unlikely.

Others suggested that the victim might have exposed their recovery phrase or used a fake Ledger device. However, this claim remains unproven. Several users explained that scam websites and counterfeit Ledger wallets are becoming common, tricking buyers into giving away their private keys without realizing it.

Meanwhile, when someone asked how users could avoid similar attacks on Xaman, another XRP-compatible wallet, Scott advised them to keep their keys off their phones, take advantage of extra layers of security available on iOS and Android, avoid opening unknown links or attachments, and change their passcodes often. 

Also, he added that companies share responsibility when a hack happens due to their own negligence, but users must still follow good security habits. Scott said he uses Xaman because it runs on the secure XRP Ledger and adds multiple layers of protection.

Despite the discussions, it remains unclear exactly how the hack occurred. Per an investigation by The Crypto Basic, the victim revealed that someone posing as Ledger support on X had tricked him. 

The scammer responded to his legitimate inquiry, pretending to be the company’s official account. However, it is unclear if this event occurred after the hack or if the event itself led to the hack. So far, the victim has deleted all his public posts on the hack.

Growing Cases of Crypto Hacks: How to Avoid Falling Victim

This case adds to a list of Ledger-related losses. For instance, in January 2024, one user from Reddit reported losing over $15,000 after entering their recovery phrase on a fake Ledger Live website. 

Also, in mid-2024, another lost around $300,000 even though they said their seed phrase was stored on paper. Others have reported losing tens of thousands through printed seed phrases, malware-infected apps, or tampered software downloads.

To avoid similar cases, users should protect their recovery phrases, only download Ledger Live from the official website, avoid suspicious links, use unique passphrases, keep firmware updated, and scan devices for malware before connecting wallets. Regardless of these cases, self-custodial wallets remain the better option for storing one’s crypto assets.