Uphold, the leading American exchange supporting XRP, has debunked recent claims suggesting that its CEO, Simon McLoughlin, had predicted XRP’s value would skyrocket to $10,000. This clarification was made through Uphold’s official X account in response to a report circulating in the XRP community, brought to light by Crypto Eri.
The report claimed that McLoughlin had made bold predictions about XRP reaching $10K, prompting Eri to express doubt about such claims coming from a reputable exchange like Uphold. Uphold quickly dismissed these allegations, labeling them as “categorically false.” The exchange made it clear that their CEO did not make any such predictions for XRP or any other asset, and would not do so in the future.
The origin of these claims can be traced back to Robert Doyle, also known as “Crypto Sensei,” who had been touting the idea that XRP could potentially hit $10,000 in his analyses. He cited McLoughlin’s supposed statement that “Every country would soon use XRP” to support his theory, but failed to provide any concrete evidence to back it up.
It is important to note that Uphold’s partnership with Ripple was verified by The Crypto Basic, where the exchange serves as Ripple’s payout partner for treasury payments among multinational companies. McLoughlin expressed enthusiasm about the practical use of cryptocurrencies and emphasized Uphold’s focus on utility rather than speculation.
Despite Uphold’s clarification, crypto journalist Scott Matherson further propagated the $10,000 prediction in an article, adding to the misinformation. This prompted Crypto Eri to call for Uphold to take additional steps to combat the spread of false information across various platforms.
Disclaimer: This article serves as informational content and should not be misconstrued as financial advice. The opinions expressed are solely those of the author and do not reflect The Crypto Basic’s stance. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic holds no responsibility for any financial losses incurred.
