Top Investor Sells All His BTC to Go All in on XRP, Shares Four Reasons Why

Source: CryptoNewsNet Original Title: Top Investor Sells All His BTC to Go All in on XRP, Shares Four Reasons Why Original Link: A Bitcoin investor recently shared four reasons he chose to sell all his BTC tokens and re-invest everything in XRP.

Pseudonymous market commentator Crypto X AiMan is going all in on XRP. The seasoned crypto investor, who claims to have entered the Bitcoin market while the token changed hands at $3,000, revealed four reasons behind this bold decision, which has triggered mixed reactions from community figures.

XRP Boasts Legal Clarity

According to him, the first reason behind this move was the fact that XRP remains the only crypto asset with actual legal clarity in the United States. Notably, most regulatory bodies in the U.S., especially the SEC, have always treated Bitcoin as a commodity, raising no question about its status.

Most recently, former SEC Chair Gary Gensler reiterated this stance, arguing that Bitcoin stands out among multiple “speculative crypto assets.” However, this stance often means Bitcoin’s regulatory clarity remains uncontested, with no opportunity for any courts to attest to it.

Other crypto assets have an opportunity to pass through legal scrutiny and emerge as fully compliant with regulatory provisions, and XRP remains the only crypto asset to do this. While Bitcoin has regulatory clarity, XRP is the only asset to come under scrutiny and emerge with legal clarity when Judge Torres declared it a non-security in July 2023. AiMan believes this makes XRP unique.

Ripple’s Substantial Holdings

Meanwhile, the second reason he chose to move from Bitcoin to XRP was Ripple’s substantial XRP holdings. For context, Ripple currently holds 39.6 billion XRP tokens, accounting for nearly 40% of the total XRP supply. While most see this as a deal-breaker, sparking centralization fears, AiMan believes it may be bullish.

He noted that Ripple has formed partnerships with multiple central and commercial banks as well as payment giants. Notably, such partnerships typically center on leveraging Ripple Payments for cross-border settlements, and Ripple’s substantial XRP holdings could mean the firm using these tokens to power some of these settlements, especially if the institutions in question permit it.

XRP’s Utility and Potential

For the third reason behind his move, AiMan called attention to the fundamental differences between XRP and Bitcoin. According to him, Bitcoin, which many regard as digital gold, remains slow and expensive to move. On the other hand, he calls XRP the digital dollar for facilitating cross-border payments, arguing that the token is fast and cheap, and people actually do use it for its purpose.

Meanwhile, his fourth reason bordered on XRP’s potential. While the market pundit admitted that Bitcoin has a much higher valuation than XRP, currently boasting a market cap of $1.79 trillion, he claimed that the cross-border payments market, which XRP looks to dominate, has a volume of $250 trillion.

However, it is important to note that the $250 trillion volume is merely a projection for 2027. Nonetheless, AiMan highlighted the prospect of XRP capturing only 1% of this projected volume, a milestone that could boost its utility and price.

AiMan acknowledged the risks involved, noting that XRP could potentially go to zero. However, he expressed confidence that if his thesis proves correct, the investment could yield significant returns. He also drew parallels to his early Bitcoin investment at $3,000, suggesting that his unconventional decisions have proven profitable in the past.