Uphold, the top American exchange supporting XRP, has addressed recent claims regarding its CEO, Simon McLoughlin, allegedly predicting that XRP would skyrocket to $10,000.
The clarification was released through Uphold’s official X account just a few hours ago, following a report highlighted by well-known XRP community member Crypto Eri, which suggested McLoughlin had foreseen XRP hitting $10K.
Expressing doubt about such speculative assertions coming from a reputable exchange like Uphold, Eri sought clarification on the matter.
Uphold responded by refuting the claim that its CEO had made such a prediction, stating that it is “categorically false.” The exchange emphasized that McLoughlin did not make any predictions about any asset reaching such a high value, nor does he plan to make similar predictions in the future.
The source of the claim can be traced back to Robert Doyle, also known as “Crypto Sensei,” who had been advocating the idea that XRP could potentially reach $10,000 in various analyses.
One of Doyle’s presentations suggested that McLoughlin had mentioned that “Every country would soon use XRP,” which Doyle used to support his theory of XRP reaching $10,000. However, no reference was provided in Doyle’s video to back up this claim.
It is worth noting that The Crypto Basic was only able to confirm McLoughlin’s statement regarding the partnership between Ripple and Uphold. Uphold serves as Ripple’s payout partner for treasury payments between multinational companies, specifically catering to Ripple’s clients in the U.S., U.K., and Europe.
McLoughlin expressed excitement about witnessing the actual utility of cryptocurrencies in action, emphasizing Uphold’s focus on the practical application of crypto rather than speculation.
After Doyle’s claims, crypto journalist Scott Matherson further propagated the $10,000 prediction in an article that inaccurately suggested McLoughlin had made such a forecast.
In response to Uphold’s denial of these claims, Crypto Eri has urged the exchange to take additional steps, including advocating for the removal of misleading content from public platforms, as other YouTubers have also perpetuated the false narrative.
Disclaimer: This content serves as informational and should not be considered as financial advice. The opinions expressed in this article are solely those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic holds no responsibility for any financial losses incurred.