Sylvain Saurel’s Newsletter

Sylvain Saurel’s Newsletter

Bitcoin Isn't Crypto. And XRP Isn't the Solution—It's the Cage.

I am not your financial advisor. This is not an invitation to buy Bitcoin. This is an invitation to think.

Sylvain Saurel's avatar
Sylvain Saurel
Nov 10, 2025
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“So... what do you think of XRP?”

I get this question constantly. It’s asked in hopeful whispers, in defiant tones by those who’ve already bought a bag, or in simple confusion by those trying to navigate this chaotic new world. People see a price, they see “crypto,” and they assume it’s all part of the same revolution.

Let’s clear this up, once and for all.

I am not into “crypto.” I am into Bitcoin. Full stop.

These two things are not the same. They are not in the same category, they are not on the same team, and they do not share the same goal. One is a tool of liberation, a decentralized protest against a broken system. The other, exemplified perfectly by projects like XRP, is a tool of optimization for that very same system.

If you are confused by the difference, you are the target market. If you believe they are aligned, you have been successfully marketed to.

The distinction is not a matter of “my coin is better than your coin.” It is a fundamental, philosophical chasm that separates a permissionless revolution from a permissioned corporate product.


Bitcoin Stares into the Void: Why a Fall to $80K is No Longer a Bearish Fantasy.

Bitcoin Price Update.


The Centralization Test: If It Has a CEO, It’s a Security

Here is a simple test. A heuristic you can apply to 99% of the “crypto” landscape to determine if you are looking at a revolutionary tool or a Silicon Valley startup.

Does it have a CEO?

Does it have a corporate headquarters? A board of directors? A marketing department spending millions on Super Bowl ads and stadium naming rights? Does it have venture capitalists and private investors who got in for pennies on the dollar before you ever even heard of it? Does it have a central foundation or company that holds a vast, pre-mined treasury of coins, which it sells periodically to “fund development” (i.e., pay salaries and its own marketing budget)?

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