My cousin just called me hypin this XRP stock, "Its the future of digital currency, the next bitcoin". Im pretty wary of it tbh. I been buying silver and gold. Just curious if you guys had knowledge of it. I guess it just WON a settlement against the SEC?
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But will be a huge winner in the next financial susyrm. Digital gold. Buyer beware but huge gains available from an investment perspective. Like gold, used by banks as collateral and under valued vs future.
it isn't digital gold because the board can "print" new tokens and kill the value
Gold gets mined and used and changes amount in supply too. Europe collapsed an economy bringing so much back from South America. Usually both xrp and gold has a known rate of mine or loss (burn). Digital Gold refers to using as an exchange mechanism.
xrp does not have a standard known burn rate and even if it did, the board can change it at any time
100 billion created, burn rate is 0.0001 xrp per transaction. It is the greenest crypto, no more to be made, it will last a long time. They were chosen by the government to build the blockchain and everything that goes with it. Utube vid called “why I hold xrp” explains a lot about xrp and ripple. Not saying they are good for the people, far from it, but knowing is half the battle, in this case it is the whole battle. U don’t have to like it but it is the company that is building the cbdc’s for gov’s and banks, I wish this was not true but no sense sticking my head in sand hoping.