Crypto phenomenon Bitboy pointed out that to become an XRP millionaire, it is necessary to have around 150,000 XRP tokens. So, according to the analyst’s statement, if the altcoin XRP goes above $ 6, an investor with 150 thousand XRP can become a millionaire. This situation sparked controversy from the community. On the other hand, he mentioned that he is hopeful for altcoin. Here are the details…
Ben Armstrong ignited the XRP community
In a recent video, famous crypto influencer Ben Armstrong, popularly referred to as Bitboy, stated the amount of XRP, the Ripple network tokens a crypto investor must hold to achieve millionaire status. According to Armstrong, a crypto enthusiast needs to own 150,000 Ripple tokens to become an XRP millionaire. As expected, the community was inflamed by the crypto influencer’s statement, sparking countless backlash. Some people have conducted surveys to seek the shared wisdom of the crypto community, which is eager to uncover relevant analysis.
A survey by Jenna, a famous XRP influencer, received a significant response from XRP enthusiasts. Interestingly, most respondents think it takes much less than 150,000 XRP units to become a millionaire. Additionally, 62.5 percent of respondents think they need less than 150k XRP. On the other hand, the second group, which received 22.6 percent of the vote, points out that the figure of 150 thousand is correct.
However, Armstrong warned by reiterating the importance of a conservative approach following the results of the survey. Bitboy’s comments followed its own prediction that 150,000 XRP would put the person in millionaire status. In light of the results, Armstrong cautioned against being too aggressive in forecasting. He also highlighted the potential harm that such enthusiasm can do to individuals.
Some lessons learned for altcoin projects during the bull run
He talked about the lessons learned during the previous bull run and emphasized the importance of a more conservative mindset. He cautioned that while ambitious forecasts are tempting, they can lead to unrealistic expectations and potentially hurt investors. Specifically, for 150k XRP to make a person a millionaire, the coin needs to be traded for over $6.7, and it currently costs about $65k to acquire 150k XRP considering the current price of $0.4271. On the other hand, Edward Farina, a crypto enthusiast, shared an optimistic view on XRP, suggesting that owning 10,000 XRP tokens could lead to financial freedom, contrary to Bitboy’s recommendation of 150,000.
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