I typically poo-poo on companies that want to "strategically hold" some shitcoin. They tried it with Sol, and that will fail miserably as SOL/BTC drops 70% onto support.
But in the case of XRP and VivoPower, they may be onto something, but it's going to be extremely volatile, because the Ripple price is going to be extremely volatile. From here to $30 USD potential (I'm saying sell $28), only to come almost all the way back down to current levels, but land a little higher. But we're talking about huge Ripple price swings.
They say BTC is not good as a reserve asset because of its volatility, and wether you agree with that or not, whatever argument they are making is doubly true for Ripple, and so for that reason I don't think any other crypto will compete with BTC as a reserve asset. All projects will fail.
But in the case of XRP and VivoPower, they may be onto something, but it's going to be extremely volatile, because the Ripple price is going to be extremely volatile. From here to $30 USD potential (I'm saying sell $28), only to come almost all the way back down to current levels, but land a little higher. But we're talking about huge Ripple price swings.
They say BTC is not good as a reserve asset because of its volatility, and wether you agree with that or not, whatever argument they are making is doubly true for Ripple, and so for that reason I don't think any other crypto will compete with BTC as a reserve asset. All projects will fail.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.