Uphold, a prominent American exchange that supports XRP, recently addressed false claims circulating online that its CEO, Simon McLoughlin, had predicted XRP would reach $10,000. The clarification was made through Uphold’s official X account in response to Crypto Eri, a well-known figure in the XRP community, who questioned the accuracy of such claims.
Uphold firmly denied the assertion that McLoughlin had made any such prediction, emphasizing that it is unequivocally false. The exchange stated that its CEO did not make any price predictions for XRP or any other asset and has no intention of doing so in the future.
The source of these claims can be traced back to Robert Doyle, also known as “Crypto Sensei,” who repeatedly suggested in his analyses that XRP could potentially reach $10,000. Doyle referenced a statement attributed to McLoughlin about every country using XRP, using this as a basis for his speculative price prediction. However, no concrete evidence was provided to support this claim.
It is worth noting that Uphold is a payout partner for Ripple, facilitating treasury payments for multinational companies and serving Ripple’s clients in the U.S., U.K., and Europe. McLoughlin has expressed excitement about the practical applications of cryptocurrencies and emphasized Uphold’s focus on utility rather than speculation.
Despite Uphold’s clear denial of the $10,000 prediction, crypto journalist Scott Matherson further propagated the misinformation in an article. This prompted Crypto Eri to call for Uphold to take additional steps to remove such misleading content from public platforms, especially as other YouTubers have echoed the false narrative.
It is important to note that this article is for informational purposes only and should not be considered financial advice. The opinions expressed are solely those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, as The Crypto Basic holds no responsibility for any financial losses incurred.