Wall Street expert Linda Jones has recently expressed her bullish outlook on XRP, a digital asset created by Ripple. In a recent interview, Jones discussed the potential of XRP and the technological innovation behind its creation. She believes that the digitalization of commerce and currency that XRP represents could be a more significant opportunity than the early days of the internet.
Jones’ comments have sparked interest among investors curious about XRP’s future trajectory. She believes that XRP meets all the criteria investors typically consider before investing in stocks and assets, positioning it to become a market leader in the crypto space.
Before investing in assets, Jones typically identifies one or two of the biggest players in the industry. Ripple’s executives, including David Schwartz, recognized that cross-border payments were an area where blockchain technology could have the most significant impact and utility. This insight led to the creation of XRP. Ripple has since been instrumental in helping governments form Central Bank Digital Currencies (CBDC).
According to Jones, investing at the government level is the most exciting and largest investment opportunity. “It’s trillions and trillions and trillions of dollars,” she said. Unlike other cryptocurrencies, XRP was designed to assist the traditional finance industry. Its potential, particularly in the context of cross-border payments and as a CBDC settlement, has been praised by other analysts.
Looking to the future, Jones noted that the world is transitioning from the digitization of communications in the ’90s to the digitization of commerce and currency. Since the introduction of Bitcoin in 2008, the crypto industry has grown into a trillion-dollar industry. Jones believes the industry is on track to generate even more wealth. “The amount of wealth this is going to create is going to blow people’s minds,” she said. “That’s a bigger opportunity than the internet was.”
Jones also predicted that 2024 would be a pivotal year for fintech and the crypto industry. She believes that Ripple, and by extension XRP, meets all the criteria that make it a good investment. XRP is currently trading at $0.5708, down by 11.57% over a 7-day period due to a general price correction in altcoins. A court hearing for Ripple in a class action lawsuit is scheduled for January 11th.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | David Schwartz, Linda Jones |
| Companies | Ripple, Bitcoin, TradingView.com, Central Bank Digital Currencies |
| Currencies | XRP, Bitcoin |
| Securities | None |
