- Buy XRP before institutional investment raises its value, advises financial analyst Linda Jones.
- James Jay compares the potential expansion of XRP to the post-institutional investment boom of Bitcoin.
Before the expected wave of institutional purchases, Wall Street financial guru Linda Jones has recommended buying XRP. In expressing her opinions on X, Jones responded to a podcast in which James Jay tried to allay the annoyances of XRP holders.
Jay underlined how institutional investors could enter XRP strategically and predicted that it will follow a Bitcoin trend. During the early years of Bitcoin (2009–2015), he pointed out, major investors were absent; famous names like Michael Saylor only joined the market when Bitcoin’s value surpassed $20,000.
Wisdom. https://t.co/KKyViUGqFM
— Linda P. Jones (@LindaPJones) May 20, 2024
Comparing XRP to Bitcoin
Jay saw XRP in a similar situation where institutions might not see its potential until it stabilizes at a high price, like $100. In a similar vein, institutional support greatly increased the value of Bitcoin.
Jay said it could be regrettable to acquire XRP at its present price of about $0.5287, which has increased by 2.24% over the previous week but dropped by 0.90% in the last 24 hours. He thinks institutional buying will drive up the price of XRP, so many people will miss out on the current low price.
The analyst pointed out that XRP is probably going to follow the same path as Bitcoin’s price increased following institutional investments. Even if one made profits selling at $10, he cautioned that people who leave the XRP market too soon may come to regret their choice.
Research and Patience
Jay suggested that XRP holders should view potential high-value milestones as validation. As institutional investors needed ten years to accept Bitcoin, he made the case that XRP investors should exercise patience and carry out further study to fully appreciate the bright future of XRP.
Jay further suggested that unlike with Bitcoin, XRP would not need ten years for “big money” to adopt it. He emphasized how those who do not see and invest in XRP’s potential before institutional investors force its value up are likely to experience regret and a great deal of fear of missing out (FOMO).
Meanwhile, as CNF previously reported, Ripple has been aggressive in the market, having just registered a trademark for RLUSD, its new stablecoin based on dollars.
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