Versan the surgeon, co-founder of Black Swan Capitalist, points out that buying $XRP
A $2 price today is akin to buying Bitcoin at $50 several years ago.
While some investors see the current XRP price as too expensive compared to its previous range of $0.50, the surgeon argues otherwise. He views the digital currency as relatively inexpensive considering its rising potential.
The surgeon compared the current price of $XRP at $2 to buying Bitcoin a few years ago when it was around $50. It is noted that Bitcoin was trading at about $50 in mid-April 2013. At that time, many believed the price was too expensive for an asset lacking regulatory clarity.
However, the price of Bitcoin has risen dramatically since then, increasing by 213,900% to reach $107,000, which is the current trading price.
XRP has regulatory clarity
Unlike Bitcoin in its early days, the co-founder of Black Swan Capitalist stated that $XRP already has regulatory clarity, utility, and infrastructure.
In a related context, the utility of XRP is linked to its use in cross-border settlements. Notably, Judge Analisa Torres clarified the regulatory aspects of the currency in July 2023 when she ruled that it is not a security in the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple.
"Volatility #XRP is designed to drain retail investors"
Meanwhile, the surgeon commented on XRP's volatility amidst sharp price fluctuations. He claimed that some entities engineer this volatility to drain retail investors, while allowing institutional clients to reposition themselves before the activated encoded infrastructure.
The surgeon noted that while retail investors are selling their XRP coins, institutional investors are quietly accumulating the coins to reposition themselves in preparation for the next wave of adoption.
"XRP at $2 is cheap"
The surgeon's opinion reflects a growing sentiment within the XRP community, suggesting that a $2 price is relatively cheap compared to its positive potential.
In May, Ba,,rriC, a prominent figure in the XRP community, indicated that a price below $3 presents a golden opportunity for investors to accumulate the currency. Ba,,rriC had previously predicted that investors would be willing to buy XRP at a unit price of $100 in the future.
He also believes that once the price surpasses its current level, investors will not have the opportunity to buy the amount of XRP they desire, with expectations of reaching a peak of $1,000.
Additionally, market analyst Dus,,ty,BC set a timeline for December 2025 for XRP to prove that its price is significantly undervalued at the $2 range.
Overall, these positive comments indicate that the XRP community considers a $2 price relatively low compared to the asset's potential. At the time of publication, XRP was trading at $2.22, an increase of 1.98% from the previous day and 1.22% from the past week.
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