Mickle, a well-known wealth advisor based in the United States, has made a bold claim that XRP could be the next big thing in the stock market, similar to Apple’s success with AAPL. This audacious viewpoint was shared in a recent post on X, where Mickle highlighted the impressive trajectory of Apple stock. Despite the bearish volatility in the crypto market, Apple stock has shown a bullish trend in recent weeks. In fact, AAPL has experienced a 4.9% increase in the last five days and a 15.83% increase in the past month.
On the other hand, Bitcoin has suffered a 12% crash in the last week, losing a total of 20% of its value in the last 30 days. XRP and Ethereum have also experienced a similar double-digit percentage price drop.
Mickle emphasized that investors who simply held onto AAPL without overcomplicating their strategy have seen massive profits, with returns reaching up to 8,000% to date. And the stock continues to rise. He pointed out that holding AAPL was as simple as recognizing Apple’s potential with the iPhone, anticipating its dominance in the mobile industry, and monitoring its ongoing success.
Examining Apple’s historical chart, Mickle highlighted that the stock has generally shown an upward trend, with only a few alarming moments. Despite Bitcoin’s higher volatility, he argued that BTC has a similar long-term upward trajectory.
According to TradingView data, AAPL has generated a profit of 345% over a five-year period, comparable to Bitcoin’s 350% over the same time frame. However, when looking at the all-time return on investment (ROI), AAPL’s 176,250% pales in comparison to BTC holders’ 529,630% ROI.
Mickle’s argument that XRP is the new Apple stock is based on the idea that investors can hold XRP and expect significant gains without overcomplicating their strategy. This is possible by recognizing XRP’s substantial utility in the global payment market, which is worth trillions of dollars, and anticipating that as XRP adoption grows, so will its value.
However, it is worth noting that TradingView data shows XRP has only increased by 8.45% over the past five years, which is significantly lower than the returns for AAPL holders. It is important to consider that Apple has been in the market for over four decades, while XRP is only 11 years old.
Industry experts, including Panos Mekras, co-founder of Anodos Finance, have confidently stated that investing in XRP has more potential for upside than stocks like Apple, Amazon, and Netflix. Similarly, renowned crypto analyst EGRAG recently argued that trading XRP at its current low value could be compared to those who sold off stocks from companies like Apple, Google, Amazon, and Tesla in their early stages.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.