Dave Portnoy believes that the XRP token, despite the “temporary lack of fundamental value” and confidence in the development pace of the Ripple ecosystem, against the background of various legal conflicts, can become the “next bitcoin,” due to the low price and high speculative potential.
The tailor said that XRP has already proved itself as an attractive digital asset and showed an impressive increase in value, exceeding $ 3 for the first time since 2018.
Optimism around the XRP is fueled by the launch of the Ripple USD (RLUSD) stablecoin and progress in resolving legal disputes of the company with the US Securities and Exchange Commission (Sec).
Formally, the belief in the rise of the cost of the XRP is not based on a fundamental analysis of value, but rather reflects speculative hopes, admitted the tailor:
“My approach to XRP is a bet on the fact that the asset can significantly increase in price, despite the lack of strong faith in its long -term potential.”
The founder of Barstool Sports said that XRP can repeat the evolutionary path of bitcoin and those who invest in Ripple assets in the early stages can be enriched as the first bitcoin investors, and not “plow from morning to night.”
Earlier, Ripple Director General Brad Garlinghaus said that the fundamental problems of the functionality of the bitcoin ecosystem make the first cryptocurrency impractical tools for making everyday transactions and real -time payments.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
