Wall Street Analyst Says Selling XRP Now Is Like Selling Berkshire Hathaway Early On

A Wall Street analyst says selling XRP now is like selling Berkshire Hathaway early on as XRP is far more than just a speculative token.

In a striking statement on social media, Wall Street analyst Linda Jones drew a compelling parallel between the current landscape of XRP and the early years of Berkshire Hathaway.

This comparison serves as a rallying cry for XRP investors, encouraging them to maintain their positions for the long haul.

Jones highlighted that XRP, the digital currency utilized by Ripple for cross-border transactions, transcends the realm of mere speculation or “meme coin.”

She asserted, “XRP is not a meme coin; XRP is not a regular crypto.”

In her view, selling XRP at this juncture is akin to parting with Berkshire Hathaway shares during its nascent stages.

“All you need is patience,” she advised.

Her remarks come amid a backdrop of significant volatility for XRP, which has often found itself entangled in regulatory challenges and shifting market dynamics.

Yet, the sentiment surrounding XRP appears to be on the upswing.

Currently trading at $2.60, XRP has surged by 450% over the past month, now just 29% shy of its all-time high.

Jones believes that XRP’s unique position in facilitating cross-border payments sets it up for even greater long-term success, paralleling how Berkshire Hathaway’s true value became evident only after years of growth.

Berkshire Hathaway, led by the legendary Warren Buffett, is one of the most successful investment firms, and those who held onto its shares despite early skepticism have reaped substantial rewards.

Notably, Berkshire Hathaway’s Class A shares (BRK.A) have yielded an astonishing all-time return of 292,100%.

Ultimately, Jones suggests that investors who choose to hold XRP now may find themselves in a similarly advantageous position when the asset’s inherent value is fully recognized.

This bold comparison reflects a broader sentiment in the crypto community, where some commentators liken XRP to shares of leading tech companies, positing the potential for an 8,000% price increase in the future.

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Also Read: Analysis: XRP Is Now Preparing For The Next Leg Up

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Frank Nez

Frank Nez is an American journalist whose research has been cited by SEC and Congressional reports. Frank Nez has been featured by prominent outlets such as TheStreet and NewsBreak. ‘Daily Crypto News’ is now an official CoinMarketCap news source.

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