XRP might have existed for over ten years now. However, that does not make it an immortal crypto entity. The crypto sphere is highly unpredictable, and as such, anything could happen to reduce its chances of long-term survival.
Do you think XRP will still be in existence even beyond 2050? If yes, what features does the crypto asset boast that will oversee its extended existence?
In this insight, we quizzed Bard, Google’s Artificial Intelligence (AI) model, about XRP’s chances of remaining in existence in 2050. The AI chatbot highlighted several factors crucial to XRP’s long-term survival.
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The Future Of Ripple Labs
Google Bard spotlighted the ongoing lawsuit between Ripple Labs and the United States Securities and Exchange Commission (SEC), adding that the conclusion of the legal dispute will determine XRP’s longevity.
Bard said, “Ripple Labs, the company behind XRP, is currently facing legal challenges from the U.S. Securities and Exchange Commission (SEC). The outcome of these challenges could significantly impact the future of both the company and XRP.”
XRP Adoption
XRP’s adoption rate was another important aspect highlighted by the AI model. According to Bard, for XRP to remain relevant, it must be adopted by reputable financial outlets and used for payments on a global scale.
The chatbot noted that the higher the rate of achieving the above feat, the greater the chances of XRP remaining in existence till 2050 and beyond.
Technological Advancements
In a rapidly evolving digitalized world, technological advancements will never cease to emerge, as companies will do everything to outperform one another.
Describing how technological advancement could play significant roles in XRP’s future, Bard remarked, “The financial technology landscape is constantly evolving. New technologies could emerge that render XRP obsolete or irrelevant.”
The above implies those in charge of XRP’s technological innovation must work to ensure that the crypto asset is ahead of most competitors in technological advancements.
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Read Also: We Asked Google Bard If Terra Classic (LUNC) Will Be Around In 2050
Regulatory Changes
Like the protracted lawsuit between Ripple and the U.S. SEC, the chatbot reckoned that other regulatory problems that could impact XRP’s future could emerge. Bard stated, “Governments around the world are still grappling with how to regulate cryptocurrencies. Changes in regulations could impact the viability of XRP and other cryptocurrencies.”
In conclusion, the AI model advised that it does not offer financial advice, adding that personalized research remains a crucial aspect of every crypto investment.
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