For a big majority of people in crypto, the title of today’s post is enough to make them close this article and tell me to go to hell… and I can’t say I blame them.
Suggesting an XRP investment seems like an heresy. Afterall, to many Ripple’s cryptocurrency is nothing more than a “bankster’s” coin, with nothing of value to offer. A project that goes against the ethos of cryptocurrencies (such as Bitcoin) which were created exactly to detach ourselves from said bankers and the problems they caused in the GFC of 2008.
I think an important premise to my investment theory is in order: I am a wealth maximalist, not a cryptocurrency maximalist.
If you’re a tree-hugging hippy that invests based on ideology, then this post might not be for you. Sorry not sorry.
To the rest of you, welcome to the investment of a lifetime.
The short version
To make a long story short, XRP comprises the vast majority of my net worth. I believe the risk/reward ratio is simply through the roof, even when considering the bogus SEC lawsuit that Ripple is currently facing.
There simply isn’t any other cryptocurrency with the same level of banking connections, real adoption and so many, many former high level government officials joining its ranks. Did I also mention it’s probably the favorite among the high cabal at the IMF (yeah, really) and those in the “small” G30 group (hello Yellen!).
What other cryptocurrency has a 10B$ company as its steward?
What other cryptocurrency has this CHAD as it’s CEO?
Most crypto projects are 4 people in a garage trying to push their forked variation of a blockchain as some kind of innovation with no targeted use-case or turnkey product integration. Meanwhile Ripple's 400-plus employee, multi-country enterprise is expanding at breakneck pace, signing multiple customers a week, and building the Internet-of-Value that's going to define commerce for the next 100 years (s)
Speaking of crypto people…
Ok, continuing…
99% of the coins in circulation will probably go to 0. If this surprises you or makes you want to punch me, then you might be just a tad bit overinvested in shitcoins.
The reasoning behind this is quite simple: 1) there’s just over-saturation, with almost 10,000 coins in existence, 2) most of these are just a speculative cash-grab with no real world value and 3) the regulatory framework is quickly shifting and people will soon realize that 99% of “decentralized” cryptos are not actually decentralized but centralized shitshows that can be turned off with the flip of a switch.
Ignore 99% of the articles on XRP and Ripple. Most of these are written by morons with ADHD.
Also ignore 99% of the “XRP Community”, which is cancer. Most of these people bought in 2017 at the height of the hype cycle and then either became fanatics or started despising Ripple/XRP for their poor investment choices. Clearly they’re NGMI.
The longer version
Fortunately somebody else wrote most of the “longer version”. Have fun:
The case for XRP ← must read ⚠️
The “XRP can’t moon because its market cap would be too big” argument
The “Ripple (the company) will do great, but XRP won’t actually be used” argument
The crazy version
Want more? Spend enough time looking into XRP and you might come across a few riddlers.
Yes, I’m not joking. I think XRP is the only cryptocurrency that’s surrounded by more than a few conspiracy theories and “riddlers”. These individuals are supposedly warning us of what’s to come in the future. A lot of the predictions are XRP-related, but a lot of them are general, societal-level changes that will be happening (e.g “The Great Reset”).
Most think this is all nonsense. Some think it’s just a matter of “interpreting it right”.
Personally? I’m undecided, but I find it entertaining, so I keep an open mind.
Just to give you a sneak-peek on the kind of things the riddlers post, this is from one of the most prominent ones that goes by Mr. Pool.
In the first tweet from November 16, 2019 we see a video of a Corona (beer) bottle shattering. The encoded message translates to what you see to the right.
In the second picture, we notice some “viral particles” under the microscope. This tweet was from 07 December, 2019.
Notice the dates when these have been posted. Then go check when did we first hear about COVID.
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Interesting, isn’t it? The first tweet was made way before anybody knew about corona in the first place. There’s many other “coincidences”, which makes these “riddlers” quite entertaining…
One last thing
This is one of my favorite conspiracy theory. If there’s one thing we learned this year with the “vaccine” and COVID, is that theories sometimes don’t just stay theories, but become facts. Who knows what awaits us…
Until then, see you next time 👋