Wednesday, May 22, 2024
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Wall Street Veteran States the Big Thing Coming For XRP

Wall Street analyst and veteran Linda P. Jones is predicting something big for XRP, pointing to a goldmine hidden in plain sight for early adopters.

In a recent interview, Jones shared her strong belief in Ripple, the major distributor of XRP, as the future of the crypto industry, highlighting its game-changing potential in the burgeoning world of digital commerce.

Read Also: Data Shows Ripple Sold XRP Worth $104 Million in 3 Weeks, Double the Six-Month Average

According to Jones, before investing in stocks, she looks for one of the top two companies in the space. She mentioned Ripple went through the path of cross-border payments where blockchain technology could have the most impact.

She also mentioned Ripple’s foray into Central Bank Digital Currencies (CBDCs). Jones mentioned that Ripple is helping governments to build CBDCs.

Linda Jones noted:

“When you’re investing at the government level, it doesn’t get any bigger than that. It’s trillions and trillions and trillions of dollars, and that is the most exciting investment opportunity and largest investment opportunity.”

A notable XRP analyst once predicted that XRP could reach $10,000 as a CBDC. However, there’s so much more, as XRP’s disruptive potential extends beyond government backing and CBDCs. Jones highlighted the role of the blockchain industry in digitizing commerce and currency, just like the way information was digitized in the 90s.

According to Jones, this is a bigger opportunity than the Internet was. Jones said, “The amount of wealth that this is going to create is going to blow people’s minds.”

She believes 2024 will be an important year for blockchain technology, cryptocurrencies, FinTech, AI, and other disruptive forms of financial technology. She highlighted her points as the main things she looks at when investing and stated that Ripple has all these things.

Read Also: Expert States Risks of Burning 39 Billion XRP in Ripple Escrow Wallet

Ripple’s underlying technology, the XRP Ledger (XRPL), offers groundbreaking efficiency and cost reduction for businesses, making it a potential thorn in the side of traditional financial systems.

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With 2024 poised to be a pivotal year, we are on the cusp of an innovation boom, and XRP is perfectly positioned to ride the wave. Ripple and XRP have the technology, the partnerships, and the momentum to create insane wealth for those who get in early.

While only time will tell how high XRP will climb, Wall Street is taking notice. Yassin Mobarak, the founder of Dizer Capital, recently shared reasons why Wall Street should seriously consider an XRP ETF, highlighting the cryptocurrency’s untapped potential.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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