The post How 1,000 XRP Could Provide Huge Returns and Turn into $100,000: Crypto Educator Explains appeared on BitcoinEthereumNews.com.

Edo Farina, the CEO of Alpha Lions Academy, elaborates on how a 1000 XRP portfolio of below $600 could transform into $100,000. In a recent analysis, Farina argued that XRP can make investors extremely wealthy in the future as the asset is presently at an accessible level. He illustrated this view with the prospect of a 1,000 XRP investment. Notably, with XRP trading at $0.598 at press time, a portfolio of 1,000 tokens is worth approximately $600. Farina highlighted that XRP cracking its all-time high of $3.84 will elevate the $600 investment to $3,840. This gives an investor a nearly six-fold return on investment. Interestingly, the crypto educator argues that a 6X return is too conservative for XRP’s potential. “We’re not looking for a 6X—this is crypto, not real estate,” Farina said, urging for a longer-term outlook. Why Hold XRP for the Future In his view, people need to buy and hold XRP because of the transformation currently underway in the global financial landscape. Farina cited a recent announcement from Russia concerning an alternative financial system similar to SWIFT that would bring a new economic reality for the BRICS nations.  He added that SWIFT and the U.S. currency have been instrumentalized by Western countries. As a result, Russia is seeking an alternative system to SWIFT. Regarding how XRP fits into the context, Farina claimed the Russian government prefers the Ripple blockchain over other blockchains. He claimed this was reported in a 2020 paper supposedly addressing cross-border payments. However, he failed to provide the source, if any. Based on the speculative view that Russia may have “successfully tested” the XRP Ledger, Farina expressed that there is some kind of green light for XRP to “take over the new global financial system.” Moreover, Farina speculated every major BRICS nation is working closely…

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Filed under: News - @ July 30, 2024 2:28 pm