Dave Portnoy believes that the XRP token, despite the 'temporary absence of fundamental value' and confidence in the pace of Ripple's ecosystem development amid various legal conflicts, could become the 'next Bitcoin'—thanks to its low price and high speculative potential.
Portnoy stated that XRP has already proven itself as an attractive digital asset and has shown impressive price growth, exceeding the $3 mark for the first time since 2018.
Optimism around XRP is fueled by the launch of the Ripple USD (RLUSD) stablecoin and progress in resolving the company's legal disputes with the U.S. Securities and Exchange Commission (SEC).
Formally, the belief in the rise of XRP's value is not based on fundamental analysis of value, but rather reflects speculative hopes, Portnoy admitted:
«My approach to XRP is a bet that the asset can rise significantly in price, despite a lack of strong belief in its long-term potential.»
Portnoy said that XRP could repeat the evolutionary path of Bitcoin, and those who invest in Ripple assets at early stages could become wealthy like the first Bitcoin investors, rather than 'toiling from morning till night.'