Crypto Educator Says Have XRP Instead of Gold: Here’s Why
The post Crypto Educator Says Have XRP Instead of Gold: Here’s Why appeared on BitcoinEthereumNews.com.
Common Sense Crypto, a notable crypto handle focused on education, argues that XRP is preferable to gold, citing a crucial XRP use case. In a recent post on X, the pundit behind the account expressed his 2024 view of various valuable assets, including crypto and traditional assets. He noted that he would rather have a Bitcoin portfolio than US dollar cash stashed in the bank. Interestingly, the community pundit revealed that he would, however, prefer to have gold instead of Bitcoin. While he provided no specific reason for his preference for gold over BTC, even though traditional financial behemoths increasingly see BTC as digital gold, it may be due to Bitcoin’s stronger price volatility than gold. However, based on historical performance, holding Bitcoin over the last ten years is a more sound financial decision than gold. XRP Instead of Gold Meanwhile, Common Sense Crypto disclosed a preference for XRP over gold despite favoring gold over Bitcoin, a comparable crypto asset to XRP. The crypto educator emphasized a strong affinity for gold and silver but expressed a belief that XRP will ultimately hold greater value. This is based on the potential for XRP to facilitate the real movement of world assets, such as gold, through tokenization. Indeed, the XRP blockchain has the capability to facilitate real-world asset (RWA) tokenization. XRP Facilitating Tokenization In June, Ripple and Archax, the first pioneering U.K. digital securities exchange, strengthened their existing alliance to usher in tokenized RWAs to XRPL in hundreds of millions of dollars. Earlier this month, Ripple, in partnership with OpenEden, launched tokenized US Treasury bills on XRPL. Notably, Ripple has injected $10 million into OpenEden’s TBILL tokens. Notably, before the elevated alliance, Archax CEO Graham Rodford had publicly predicted that XRPL’s blockchain would handle $50 trillion in tokenization in the coming years. …
Filed under: News - @ August 10, 2024 4:16 pm