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How 1,000 XRP Could Generate Massive Profits and Turn Into $100,000: Cryptocurrency Educator Explains
Edo Farina, CEO of Alpha Lions Academy, explains how a 1000 XRP portfolio under $600 could turn into $100,000.
In a recent analysesFarina argued that XRP can make investors extremely wealthy in the future, as the asset is currently at an affordable level. He illustrated this vision with the prospect of investing 1,000 XRP.
Notably, with XRP trading at $0.598 at press time, a 1,000-token wallet is worth about $600. Farina highlighted that XRP has cracked its all-time high of $3.84 will take the investment from $600 to $3,840. This gives the investor a return on investment of nearly six times.
Interestingly, the cryptocurrency expert argues that a 6X return is too conservative for XRP’s potential. “We are not looking for a 6X: this is cryptocurrency, not real estate,” Farina said, urging a longer-term perspective.
Why Hold XRP for the Future
According to him, people need to buy and hold XRP because of the transformation currently taking place in the global financial landscape. Farina cited a recent announcement from Russia regarding an alternative financial system similar to SWIFT that would bring a new economic reality for the BRICS countries.
He added that SWIFT and the US currency have been exploited by Western countries. As a result, Russia is looking for an alternative system to SWIFT.
As for how XRP fits into the picture, Farina said that the Russian government favors the Ripple blockchain over other blockchains. He said this was reported in a 2020 document that supposedly addressed cross-border payments. However, he failed to provide a 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 control of the new global financial system.”
Furthermore, Farina speculated that all major BRICS nations are collaborating closely with Ripple, so XRP could be at the center of the impact.
It is worth noting that while Ripple has confirmed to work with 30 governments As for CBDC initiatives, it is not confirmed if any of the BRICS nations are included among them.
Meanwhile, Farina argued that BRICS would adopt XRP regardless of Ripple’s American affiliations, as XRP’s native blockchain, XRP Ledger, is a fully decentralized ecosystem.
XRP Investment From $600 To $100,000
Based on this hope, the cryptocurrency educator predicts that $600 1,000 XRP will turn into a life-changing return of up to $100,000, especially in the hypothetical scenario where the XRP network captures 1% of SWIFT cross-border payments.
He believes that if SWIFT disappeared or integrated XRPL, 1% of its volume would catapult XRP well above $100. As a result, the initial investment of $600 would increase by 16,566%.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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