Edoardo Farina, the founder of Alpha Lions Academy, expressed concerns regarding the financial struggles that XRP holders may face in the current economic climate.
Impact of Economic Crisis on XRP Holders
Farina identifies the current economic instability as the primary reason many retail investors might sell their assets. He emphasizes that inflation is rapidly diminishing the real value of money, stating:
> "$100 today feels like $10 yesterday."
He points out that rising living costs will drive people to sell their XRP.
Challenges of Holding XRP in Tough Times
Farina notes that even owning a modest amount of XRP is becoming a financial luxury. At current prices, acquiring 1,000 XRP costs over $2,100, reflecting the overall worsening financial conditions for average investors. He believes this is not due to doubts about XRP's future, but rather worsening financial circumstances.
Tips for Successful XRP Investors
In light of his projection that 99% of XRP holders may be forced to exit prematurely, Farina offers several suggestions for those aiming to be among the 1%. Among his advice: - Avoid selling XRP to cover everyday expenses. - Seek alternative income sources, such as remote work. - Consider relocating to lower-cost areas. - Utilize smartphones to generate income.
Farina insists that there is still an opportunity for investors to secure a place among successful XRP holders, but it requires adaptation and willingness to make sacrifices in the current financial environment.
