Attorney Jeremy Hogan, a prominent advocate for XRP, has publicly disclosed the substantial growth of his XRP holdings. Hogan, a partner at Hogan & Hogan, is widely recognized for his unwavering support of XRP and active participation on crypto Twitter.
In a recent post on X, Hogan revealed that his XRP portfolio witnessed an impressive surge of over 60% since his initial acquisition about 2 to 3 years ago. This remarkable growth is a testament to his steadfast belief in the long-term prospects of XRP despite its challenges.
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Challenging Critics and Dismissing Small Gains
Jeremy Hogan’s disclosure of his XRP investment performance is a direct rebuttal to critics within the crypto Twitter community who often disparage small gains in the crypto market.
By highlighting his substantial gains, Hogan challenges the notion that such returns are insignificant, emphasizing the robustness of his investment strategy.
“In what world is my 60% gain in XRP over the last 2-3 years bad?” Hogan questioned, calling attention to the impressive growth of XRP in his investment portfolio.
Dear CT,
In what world is my 60% gain in XRP over the last 2-3 years bad?
If I could've done 20% per year since I was 25, I'd be retired by now.
Truly,
Boomer Jeremy pic.twitter.com/Aj0zPUnqWR
— Jeremy Hogan (@attorneyjeremy1) November 20, 2023
Unwavering Confidence in XRP Potential
Expanding on the potential of XRP, Hogan emphasized that if he had consistently invested in an asset that delivered a mere 20% annual return since the age of 25, he would likely be retired by now. This statement further underscores the immense potential that Hogan sees in XRP as a lucrative investment opportunity.
It is speculated that the lawyer’s initial acquisition of XRP occurred during or just before the time the US Securities and Exchange Commission (SEC) filed its lawsuit against Ripple Labs. This lawsuit, along with the negative publicity it generated, had a significant impact on the price performance of the digital asset.
However, a pivotal moment in the XRP trajectory emerged on July 13 with a favorable ruling in the ongoing SEC lawsuit. This victory instilled renewed bullish sentiment into the XRP community, and the asset subsequently embarked on a remarkable price recovery, soaring 81% Year-to-Date (YTD).
It is widely believed that a significant portion of Hogan’s 60% gain stems from this recent price surge, highlighting the resilience of XRP in the face of adversity.
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Strategic Moves and Future Outlook
In a subsequent post, Hogan revealed his plans to transfer his cryptocurrency holdings to a Wyoming Trust held by an LLC. This strategic move aims to enhance the security and management of his XRP investments, aligning them with his long-term financial goals.
Additionally, Hogan disclosed his intention to utilize personal loans with an interest rate of 8% to finance his living expenses, showcasing his commitment to securing and optimizing his XRP investments.
I was thinking about moving my crypto to a Wyoming trust held by an LLC and then taking out personal loans at 8% interest to live on. No taxes.
— Jeremy Hogan (@attorneyjeremy1) November 20, 2023
With many members of the XRP community anticipating its price to reach $1 soon, the overall sentiment remains bullish.
The prospect of a new bull market cycle further fuels optimism. Beyond the impressive percentage gains he has achieved, Hogan also acknowledges the intangible benefits of his XRP investment. This includes the widespread recognition and passionate fanbase he has garnered within the crypto community.
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