Mickle, a well-known wealth advisor based in the United States, has made a bold statement, comparing XRP to the new Apple stock (AAPL). This audacious view was shared in a recent post on X, where he highlighted the impressive trajectory of AAPL. In recent weeks, while the crypto market has experienced bearish volatility, Apple stock has remained bullish. Over the past five days, AAPL has risen by 4.9%, and in one month, it has seen an increase of 15.83%.
In contrast, Bitcoin has suffered a significant crash of 12% in the past week, resulting in a cumulative loss of 20% in the last 30 days. Similar double-digit percentage price crashes have also been observed for XRP and Ethereum.
Mickle emphasized in his commentary that investors who simply held onto AAPL without complicating their strategy have seen remarkable returns of up to 8,000% to date, and the stock continues to rise. He pointed out that holding AAPL was as simple as recognizing Apple’s potential with the iPhone, anticipating its dominance in the mobile industry, and monitoring its ongoing success.
Analyzing Apple’s historical chart, Mickle noted that the stock has generally shown an upward trend, with few alarming moments. Despite Bitcoin’s higher volatility, he argued that BTC exhibits a similar long-term upward trajectory.
According to TradingView data, AAPL has achieved a profit of 345% over a five-year period, comparable to Bitcoin’s 350% during the same timeframe. However, AAPL’s all-time return on investment (ROI) stands at 176,250%, which pales in comparison to the 529,630% ROI realized by BTC holders.
Mickle’s argument that XRP is the new Apple stock is based on the idea that investors can hold XRP and expect significant gains without complicating their strategy. This is by recognizing the substantial utility of XRP in the global payment market, which is worth trillions of dollars, and anticipating that as XRP adoption grows, so will its value.
It is worth noting that TradingView data shows XRP has only increased by 8.45% over the past five years, far below the returns for AAPL holders. However, it is important to consider that Apple has been in the market for over four decades, while XRP is only 11 years old.
Industry experts, such as Panos Mekras, co-founder of Anodos Finance, have confidently stated that investing in XRP has more potential for upside than stocks of companies like Apple, Amazon, and Netflix. Similarly, renowned crypto analyst EGRAG recently argued that trading XRP at its current low value might be comparable to those who sold off stocks of companies like Apple, Google, Amazon, and Tesla in their early stages.
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 encouraged to conduct their own research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.