Ripple CTO's Optimism for $XRP Priceđ
Ripple CTO David Schwartz has expressed his desire to see the XRP price increase. In response to a user who suggested that XRP's price might be artificially suppressed, Schwartz confirmed his significant holdings in XRP and stated that he would take action to raise its value if possible.âšđž
Schwartz also highlighted the relationship between XRP's price and its practicality for payments. He explained that lower XRP prices could make payments more expensive, using the analogy of using Bitcoin to buy a house when its price was significantly lower. He emphasized that XRP's value proposition lies in its ability to facilitate efficient cross-border payments, which is more practical at higher prices.đđ
Schwartz's optimism for XRP's price is not new. He has consistently advocated for a higher valuation for the cryptocurrency. In a tweet from 2017, he argued that XRP's value should not be too low, as it would make large payments impractical.
The recent opening of the Grayscale XRP Trust to accredited investors is seen as a positive development for XRP, as it provides increased exposure to the cryptocurrency and could potentially drive demand. As XRP continues to evolve and its use cases expand, Schwartz's optimism for its future price may be justified.
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