A Ripple Labs Inc. employee, by the name Josh Lin, has said it is practically impossible for the price of XRP to reach $100 by 2020.
Josh Lin, an asymmetric investor and Ripple’s Talent Sourcer, said the possibility of XRP reaching $100 is highly unlikely because that would mean the entire market cap of XRP is $10 trillion.
Responding to a question on Quora, he said at the moment, the Market cap of Bitcoin is approximately $165 billion, while the entire cryptocurrency market is around $227 billion.
Josh said, XRP staying at $100 by the end of 2020, would mean the digital asset is the only dominant cryptocurrency asset that is being used by people.
This he said it is “super unrealistic, if not impossible, because as any inception of of [sic] new technology matures, what historically tends to happen is one design for all use cases diverges into many designs for several use cases”.
“What historically tends to happen is one design for all use cases diverges into many designs for several use cases.”
The same Josh Lin, been an asymmetric investor, had suggested anyone wanting to invest in cryptocurrency select five digital assets and not XRP alone.
The Talent Sourcer Josh enjoined investors to research on at least 5 cryptocurrencies. In his statement, Josh advised investors to “put in an equal amount of capital” in all of the five digital currencies they are bullish about and put their hands in akimbo after that.
He said: “So if you had $10k to invest, I’d put in $2k into 5 cryptos that you’re bullish on. This way, you create a basket (and diversification!) to apply your bullish view on the entire sector as opposed to just one crypto.”
With the guideline well followed, Josh was sure any investor who did what was suggested would have a good Return on Investment (ROI).
Although it is not that Josh is not a firm believer in XRP, the asymmetric investor remain firmly optimistic that XRP would have a good ROI in the next 5-10 years or beyond, as is the case of many stocks today.
“I do believe XRP will “explode,” but it will take time. Think about a timeframe of 5–10+ years.”
Oxford to Fight Tech. Skill Gap in UK with Ripple Partnership
Ripple’s University Blockchain Research Initiative (UBRI) and Oxford Foundry are partnering to battle the increasing technology skill gap in the United Kingdom, NewsLogical can confirm.
Oxford Foundry says with its new Tech Series, nothing less than 1,000 University of Oxford students across divisions and colleges are going to benefit from the development.
The tech section of the university says these students are going to gain new skills in blockchain, Artificial Intelligent (AI) and machine learning across different industries. These students will also learn how to code Python and build smart contracts.
The Oxford Foundry is a set-up of Said Business School, a division of the University of Oxford. The division is being funded by philanthropist Mohamed Amersi and Reid Hoffman, who co-founded LinkedIn.