Uphold, a prominent American exchange supporting XRP, has addressed recent claims that its CEO, Simon McLoughlin, made a bold prediction that XRP would reach $10,000. The clarification was issued through Uphold’s official X account in response to Crypto Eri, a well-known figure in the XRP community, who raised concerns about a report suggesting McLoughlin’s prediction.
The exchange categorically denied the claim that its CEO predicted XRP to reach $10,000, emphasizing that the statement is false. Uphold clarified that McLoughlin did not make any such prediction for any asset and would not do so in the future.
The origin of the claim can be traced back to Robert Doyle, also known as “Crypto Sensei,” who frequently speculated about XRP’s potential to reach $10,000 in his analyses. Doyle referenced McLoughlin’s supposed statement that “every country would soon use XRP” to support his prediction. However, no concrete evidence was provided to support this claim.
It is worth noting that Uphold is Ripple’s payout partner for treasury payments between multinational companies, serving Ripple’s clients in the U.S., U.K., and Europe. McLoughlin expressed excitement about the real-world utility of cryptocurrencies and emphasized Uphold’s focus on utility rather than speculation.
After Doyle’s claims, crypto journalist Scott Matherson inaccurately suggested that McLoughlin had predicted a $10,000 price target for XRP in an article. In response, Crypto Eri called on Uphold to take further action to address the spread of misleading content, particularly on public platforms where the false narrative has been replicated by other YouTubers.
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