While a summary judgment by Judge Torres is anticipated in the legal battle between the United States Securities and Exchange Commission (SEC) and Ripple, Yoshitaka Kitao, Chairman and CEO at Strategic Business Innovator (SBI) Holdings Inc, made a disclosure that has spewed good news and excitement for XRP enthusiasts should the legal proceedings end in Ripple’s favor.
In a recent development, Yoshitaka gave an optimistic view of XRP’s future price in his native language, Japanese. Tehol Beddict, a strong advocate of XRP, took it upon himself to get the English and Japanese versions of Yoshitaka’s video, which was quickly spread across the crypto community, sparking excitement among XRP enthusiasts.
Read Also: Ripple Returns Whooping 900 Million XRP after Unlocking 1 Billion Tokens from Escrow: Details
Notably, the SBI CEO outlook for XRP has always been positive and tallies with that of numerous influential figures in the crypto ecosystem.
@yoshitaka_kitao – what a boss
SBI information meeting
President Kitao: "If the conclusion is reached and XRP is a coin, I think it will be a very expensive price. If the conclusion (of the trial) is positive, I think the management will immediately go public." 🚀🚀🚀🔥🔥🔥 https://t.co/z7lv7w8dtR
— Tehol_Beddict_XRP (@TeholBeddictXRP) June 9, 2023
Yoshitaka’s View Of XRP’s Future Price
Yoshitaka’s futuristic price view for XRP grabbed the crypto community’s attention as his statements contained substantial claims. Notably, Eri, an XRP community influencer, quoted the update with additional context for further clarification.
One of Yoshitaka’s Japanese statements translated into English noted that should the ongoing legal tussle between the SEC and Ripple concludes in Ripple’s favor, the cross-border crypto asset price could spike.
Read Also: Forbes: Ripple CEO’s Confidence is Aiding XRP to Outperform Bitcoin (BTC)
In addition, an extract from Yoshitaka’s speech translation noted that the Initial Public Offering (IPO) under Ripple’s consideration could expose XRP shareholders to substantial capital profits, regardless of investors’ decision to either sell or hold their XRP coins.
SBI Mr Kitao, speaking about #XRP and the CEO (Achi ni =over there (Ripple)) says conclusion in weeks ahead, and if (XRP) found as a “coin”, it will be quite a price and the company will IPO, and that gives a shareholder big capital gain, even if we sell or keep it on the books.… https://t.co/K7vvBupHVs
— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) June 11, 2023
Intriguingly, Eri commended the unique communication style of Yoshitaka, relating the SBI CEO’s talking style to that of a Daimyo, a feudal lord in historical Japan. Eri noted that Yoshitaka’s speech style depicts confidence in his assertion for XRP’s future price.
Relationship Between Ripple and SBI
For context, SBI Holdings is a finance provider service firm based in Tokyo, Japan. Since 2016, the finance platform has participated actively in various crypto projects ranging from Ripple, Coincheck, and VC Trade.
The relationship between Ripple and SBI has been a solid one thus far. SBI deems Ripple worthy to serve as a link between traditional financial establishments and the world of digital assets, prompting the Japanese-based financial firm’s constant adoption of Ripple’s ingenious solutions, particularly in cross-border payments.
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