Following the significant price increase of XRP tokens, debates have arisen regarding whether Michael Saylor would have been better off investing in XRP instead of Bitcoin. Experts weigh in on the feasibility of such a choice.
Discussion of XRP's Advantages
According to former RippleX engineer Matt Hamilton, had Saylor invested in XRP instead of Bitcoin, his portfolio would be worth nearly double today. Hamilton also argues that purchasing XRP could further boost its price due to media attention.
Expert Opinions on Saylor's Choices
However, Christopher Inks from TexasWest Capital believes the notion that Saylor would have considered XRP is absurd. He pointed out that most of Saylor's purchases occurred when the token was 'off-limits' due to regulatory uncertainty stemming from the SEC lawsuit. 'No CEO in his right mind would’ve gotten anywhere near the asset, as toxic as it was, during that time,' Inks emphasized.
Saylor's Changing Stance on XRP
Saylor, who has become a vocal Bitcoin advocate, previously criticized XRP, claiming the token was clearly an unregistered security. However, reports suggest he seemed to warm up to the token earlier this year by endorsing the idea of a multi-token US reserve that would include XRP.
Michael Saylor's choice between Bitcoin and XRP continues to spark debates. The evolving positions and opinions from experts highlight the complexity of making investment decisions in the dynamic cryptocurrency market.
