A crypto expert known as Common Sense Crypto, who focuses on educating others about cryptocurrencies, recently made an interesting argument in favor of XRP over gold, highlighting a key use case for XRP.
In a recent post on X, the individual behind the Common Sense Crypto account shared their perspective on various valuable assets, both traditional and crypto. Surprisingly, they expressed a preference for a Bitcoin portfolio over keeping US dollars in a bank. However, when it came to choosing between gold and Bitcoin, they leaned towards gold. While no specific reason was given for this preference, it could be attributed to Bitcoin’s higher price volatility compared to gold. It’s worth noting that many traditional financial institutions now consider Bitcoin to be the digital equivalent of gold.
Despite this preference for gold over Bitcoin, Common Sense Crypto still believes that XRP has greater potential value. They expressed a strong affinity for gold and silver but emphasized their belief that XRP will eventually surpass them in value. This belief is based on XRP’s ability to facilitate the movement of real-world assets, such as gold, through tokenization.
Indeed, the XRP blockchain has the capability to tokenize real-world assets, as demonstrated by the recent partnership between Ripple and Archax. This collaboration aims to bring tokenized real-world assets worth hundreds of millions of dollars to the XRP Ledger (XRPL). Additionally, Ripple has partnered with OpenEden to launch tokenized US Treasury bills on the XRPL, with an investment of $10 million into OpenEden’s TBILL tokens.
The CEO of Archax, Graham Rodford, previously predicted that the XRPL blockchain would handle $50 trillion in tokenization in the coming years. This optimistic forecast has given XRP enthusiasts even more reason to be bullish about the token, as they speculate on the potential price impact of such large-scale tokenization.
When comparing the performance of gold to crypto assets, it is worth noting that gold’s price has increased from $1,405 per ounce in November 2015 to $2,431.16 per ounce currently. In contrast, Bitcoin’s price has grown by 14,912% since November 2015, reaching its current price above $60,800. Similarly, XRP’s price has increased by 13,869% since November 2015, reaching a value of above $0.5867.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. The views expressed are solely the author’s opinions and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions, as The Crypto Basic is not responsible for any financial losses.