American weather Steve Wynn believes in the price of Ripple (XRP) It can go up to $ 10,000 in the market. According to an interview with the Forbes billionaire, Altcoin will play an important role in money transfers.
The BlackJack player’s prediction for the cryptocurrency reflects a long-term investment strategy. According to Wynn XRP is considered an “international currency”. The famous player explains that the Altcoin project could be responsible for such an assessment.
Ripple investor Steve Wynn expects Altcoin to grow in value in the coming years, but has no price target to sell. In the interview, the billionaire stated that besides XRP, he also invests in other cryptocurrencies.
However, it is the XRP that, according to the player, can be used as an international transfer system. Wynn predicts that A great launch of the cryptocurrency will bring the price of $ 10,000 to the market.
Long-term ripple price forecast
Ripple can undoubtedly perform well in the market if Steve Wynn’s prediction comes true. The billionaire predicts that the cryptocurrency will trade at $ 10,000 in the coming years.
To explain the forecast, According to Wynn, XRP is an important value transfer system that can be used on a large scale. This enormous acceptance would push Ripple’s price down to five digits.
“It was designed for a value of 10,000 per coin. This would require that all retail stores and international money transfers use XRP.”
The billionaire’s long-term bet on XRP’s price is related to ripple technology, which can be used as a means of payment and value transfer.
Banks like Santander are already using this technology to complete international money transfer transactions. The ripple system can be cheaper, safer and faster than the traditional means of sending money between different countries.
“XRP” is designed as an instant transfer application. It tries to take over all retail stores and fast international money transfers. “
The graphic shows the price of XRP (Ripple / CoinMarketCap)
XRP’s Hodl for five years
The billionaire Steve Wynn has declared himself an investor in the XRP market and is betting on a large long-term appreciation of Altcoin. According to him, this cryptocurrency could be worth up to $ 10,000.
Without determining the ideal time to appreciate Ripple, Wynn explains that his strategy is to save his cryptocurrencies (hodl). By holding the balance for a short time, the investor can make a substantial profit from the Altcoin price increase.
“At least 5 years when I bought the coins, I did it long term. When (the price) rises, I make a profit at certain times, but I don’t have a price target to sell everything.”
Given the current XRP market price on Tuesday (14) of $ 0.199056, the $ 10,000 forecast published on Forbes would mean a cumulative appreciation of over 5,000,000% for Altcoin.