Oliver Michel, founder and CEO of Tokentus Investment AG, a Frankfurt-based blockchain-focused venture capital firm, has made bold predictions regarding the future of XRP, suggesting a surge to $10 is feasible.
During a recent interview with Der Aktionär, a leading German finance magazine, Michel stated that he is considering selling when XRP reaches $5, representing a tenfold increase from its current price. He also mentioned that he can imagine XRP reaching three or four digits in the future. However, before it reaches three digits, he plans to sell twice and buy back in during the next wave.
“When it’s at $5, from now on, it’s a tenfold increase at $10. I think that’s really good to think first,” Michel stated.
Michel’s optimism comes despite recent challenges facing XRP, particularly due to ongoing legal battles, including the lawsuit filed by the U.S. Securities and Exchange Commission (SEC). Notably, this lawsuit has affected cryptocurrency prices and caused some enthusiasts to threaten to abandon the ecosystem. However, Michel expressed optimism about XRP’s potential, seeing it as a central functionality for central bank digital currencies (CBDCs) and cross-border payments.
He further emphasized his belief in Ripple Labs as a professional company with substantial ambition, highlighting its innovative solutions in cross-border payments.
The pundit elaborated on Ripple/XRP’s core mission, emphasizing its role as a bridge currency facilitating seamless and cost-effective cross-border transactions. He explained how Ripple’s technology bypasses the traditional banking system, significantly reducing the time and costs of international transfers.
The optimism stems from his deep involvement with Ripple and XRP, which is evident through Tokentus Investment AG’s partnership with Ripple Labs last October. As part of Ripple’s XRPL Accelerator Program, Tokentus supports emerging startups looking to establish operations on the XRP ledger, underscoring its commitment to fostering growth and adoption within the XRPL community. With Tokentus listed on the Munich stock exchange, the partnership signifies a strategic alliance to advance innovation within the blockchain sector.
That said, as XRP continues to navigate regulatory hurdles and market fluctuations, Michel’s bullish outlook underscores the resilience and potential of the broader XRP ecosystem. XRP was trading at $0.61 at press time after an 8% surge over the past 24 hours.Â
