Renowned Wall Street financial expert Linda Jones has given her endorsement to the idea of purchasing XRP in anticipation of the arrival of major financial institutions. Jones shared her sentiments during a recent interview on X, where she responded to a podcast hosted by James Jay that aimed to alleviate the frustration of XRP holders regarding its movement.
Jay offered reassurance by suggesting that the entrance of institutional investors into the XRP market would occur at an opportune moment, drawing a parallel to the situation seen with Bitcoin. He pointed out that prominent investors in Bitcoin did not get involved during its early years from 2009 to 2015. Instead, significant players like Michael Saylor began investing when the value of Bitcoin surpassed $20,000. Saylor’s company, MicroStrategy, observed Bitcoin when it was valued under $10 but chose to invest at higher levels. According to Jay, institutional investors see the threshold of $20,000 as confirmation that the asset is here to stay.
Drawing from this comparison, Jay contemplated a future where institutions would adopt a similar strategy with XRP, waiting for it to stabilize at a high value like $100 before recognizing its viability. He suggested that at this point, institutions would understand the need to hold XRP to maintain its price above $100. Therefore, those who do not purchase XRP at its current lower price of approximately $0.5 may regret their decision when the price soars due to institutional buying.
Jay believes that, similar to Bitcoin’s price surge following institutional investment, XRP is likely to experience a similar trajectory. He noted that even after significant gains from selling at $10, those who exit the XRP market prematurely may regret their decision.
As for when big money will enter the XRP market, Jay emphasized that it took institutional investors about a decade to fully embrace Bitcoin. However, he believes that the adoption of XRP by institutional investors will not take as long as it did with Bitcoin. He highlighted the possibility of significant fear of missing out (FOMO) and regret among those who fail to recognize and invest in XRP’s potential before institutional investors drive its value up.
In conclusion, Jay’s comparison serves to encourage XRP holders to view the potential high-value threshold as a form of validation and confirmation. He advises patience, as institutional investors took years to fully embrace Bitcoin, and suggests conducting further research to understand XRP’s promising future.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.