- Industry experts agree that XRP is on a discount and investors selling at the current price are like those who sold Amazon, Microsoft, and Amazon stock in the early days.
- XRP has lost around 16 percent in the last 7 days as retail investors panic after the SEC’s latest move in its case against Ripple Labs.
Retail investors are easily rattled and can quickly give up their position on crypto or even the stock market. By all indications, it is the same panic selling that has hit XRP investors in the last couple of days. In the last 7 days, XRP has lost nearly 20 percent and is at the time of press exchanging for $0.52.
But industry experts and in particular Wall Street financial analysts are warning that selling at current levels is like selling Apple, Microsoft, and Amazon in the early days. Obviously, these companies have grown to be multi-billion companies and made investors who bought and held shares, a lot of wealth. Linda Jones, a pro-XRP financial expert is one of those who expects XRP to have the same impact.
Both Microsoft and Apple went public with a value of $22 per share and are now valued at $300 and $175 respectively. According to Jones, by holding a digital asset, investors are not wrong but are early.
Yes, the numbers are that big ($14.5 T). The money will flow digitally and you own a very valuable asset. You are early, not wrong. Question:
If you knew you owned the next Microsoft or Apple stock, would you be in a rush to sell in its early days? #XRP https://t.co/6g2qJw1B3N— Linda P. Jones (@LindaPJones) August 20, 2023
Crypto proponents often point out that the industry is in its infancy with its strength and reach yet to be achieved. Holders of digital assets such as XRP are the early adopters of a new technology that has shown its resilience through all the regulatory pressure as well as fightback from the traditional markets. Like some of the most successful technological advancements, the masses often reject them out of fear of changing from the traditional ways. The crypto market has met the same fate. But the only constant is change.
Jones’s remarks come amidst reports that $14.5 trillion is entering the digital assets market. This was disclosed by HSBC Bank and Northern Trust, two global financial services firms.
$14.5 Coming to Digital Assets – XRP to Take Lead
A new report by HSBC Bank and Northern Trust shows that all assets will be worth $145.5 trillion by 2025. From this, digital assets will have a 10 percent allocation which means digital assets will have a value of 14.5 trillion. Jones believes that this prediction is accurate and that those who can buy into or hold onto valuable assets will get highly rewarded as their value is realized.
XRP is one of the most promising crypto projects despite coming under regulatory pressure from the U.S. SEC. In fact, Ripple Labs CEO has hinted at a potential IPO in the future with many experts viewing the move as a positive one for the project.
Ripple co-founder Arthur Britto has recently predicted that Ripple will be able to empower 7.5 billion people and reach a designed price of $10,000. Global scalability will be key to achieving this ambitious goal according to the co-founder.
Read More: Ripple Empowering 7.5 Billion Dreams: XRP’s Path to $10,000 Unveiled by Co-founder
