Common Sense Crypto, a prominent educational platform in the cryptocurrency space, posits that XRP holds more value than gold, highlighting a significant use case for XRP.
In a recent update on X, the voice behind the account shared insights into the value of various assets for 2024, encompassing both cryptocurrencies and traditional investments. He expressed a preference for maintaining a Bitcoin portfolio over keeping US dollars in a bank account.
Curiously, the analyst stated that he would choose gold over Bitcoin, although he did not elaborate on this preference. This choice comes despite the growing perspective among traditional financial institutions that consider Bitcoin as the new digital gold. It’s plausible that the decision stems from Bitcoin’s heightened price volatility compared to gold.
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Nevertheless, historical data suggests that in terms of long-term investment, Bitcoin has proven to be a more advantageous option than gold over the past decade.
### XRP Over Gold
In a twist, Common Sense Crypto revealed a preference for XRP over gold, even while expressing an affinity for gold over Bitcoin, which is often compared to XRP. The crypto educator acknowledged a strong appreciation for gold and silver but expressed confidence that XRP will ultimately prove to be more valuable. This belief is rooted in XRP’s potential to enable the tokenization of real-world assets, including gold.
Indeed, the XRP blockchain is equipped to facilitate the tokenization of real-world assets (RWA).
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### XRP and Tokenization
In June, Ripple and Archax, the first UK-based digital securities exchange, deepened their collaboration to introduce tokenized RWAs to the XRPL, potentially amounting to hundreds of millions of dollars. Earlier this month, Ripple, in conjunction with OpenEden, launched tokenized US Treasury bills on the XRPL, with Ripple investing $10 million into OpenEden’s TBILL tokens.
Before this enhanced partnership, Archax CEO Graham Rodford had publicly forecasted that the XRPL blockchain could process $50 trillion in tokenization in the coming years. This optimistic outlook continues to inspire some XRP supporters, who speculate on the potential price implications of such vast capital flows.
### Gold vs. Cryptocurrency
According to Macrotrends data, gold is currently valued at $2,431.16 per ounce, a rise from $1,405 in November 2015. In contrast, Bitcoin, which was valued at $404 at that time, has surged by an astonishing 14,912% to exceed $60,800 today. Similarly, XRP, which was priced at $0.0042 in November, has skyrocketed by 13,869% to over $0.5867.
**Disclaimer:** This content is for informational purposes only and should not be interpreted as financial advice. The opinions expressed in this article may reflect the author’s personal views and do not necessarily represent those of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment choices. The Crypto Basic is not liable for any financial losses incurred.
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