The cryptocurrency analyst, who goes by the name “Ripple Van Winkle” on his YouTube channel “
The analyst released a video on December 11th making some bold predictions regarding the future price of XRP.
The analyst believes that new cryptocurrency regulatory developments scheduled for 2024, including stablecoin notes and potentially spot Bitcoin (BTC) exchange-traded funds (ETFs), will pave the way for significant institutional investment. He cites comments from Representative Patrick McHenry predicting cryptocurrency regulation early next year.
In the analyst’s view, the influx of institutional funds and XRP’s unique role as a bridge currency and deflationary properties could push the price higher exponentially. He describes a hypothetical scenario where banks and institutional liquidity providers purchase XRP, clearing the exchanges’ order books.
In a matter of hours (…) everything disappears and your personal wallet starts transferring it to cash.
XRP right now
Analysts claim that banks will not use public exchanges and retail XRP trading for fund transfers, as is commonly believed. Instead, he sees a future where large banks like Bank of America create private XRP-based ledgers and derivative coins to track balances and transfers. XRP will act as a bridge between these bank coins and institutional liquidity providers.