thecryptobasic.com
In a bold statement on social media, Wall Street analyst Linda Jones compared the current state of XRP to that of Berkshire Hathaway in its early years.
She made this audacious comparison to urge XRP investors to hold onto their positions for the long term. Jones emphasized that XRP, the digital asset Ripple uses for cross-border payments, is far more than just a speculative token or “meme coin.”
“XRP is not a meme coin,” Jones tweeted, “XRP is not a regular crypto.” In this context, the financial analyst warned investors that selling XRP now is like parting with Berkshire Hathaway shares in the company’s early days. “All you have to have is patience,” Jones said.
Her comments come as XRP has experienced significant volatility over the years, often caught in the crossfire of regulatory battles and fluctuating market sentiment.
However, sentiment around XRP is improving. The token is currently trading at $2.73, up 450% in the past 30 days. This price places XRP just 29% below its all-time high.
Jones believes that XRP’s unique use case, specifically its role in cross-border payments, positions it for even greater long-term success, much like Berkshire Hathaway’s value became apparent only after years of growth and development.
XRP Like Berkshire Hathaway’s Shares
Notably, Berkshire Hathaway is one of the most successful investment firms in history, led by renowned investor Warren Buffett, the company’s chairman and CEO. While many early investors did not recognize its long-term value, those who held onto their shares have seen substantial returns.
According to market data from TradingView, Berkshire Hathaway’s Class A shares (BRK.A) boast an all-time return of 292,100% from their current position.
Essentially, the Wall Street analyst suggests that those who choose to hold onto XRP now could find themselves in a similar position when the asset’s true value is realized.
Notably, the audacious comparison of XRP to shares of successful companies has been a recurring theme in the crypto scene. Other market commentators have also compared XRP to shares of the FANG companies. Some have used this analogy to argue for an 8,000% price surge for XRP into the future.