“Don’t Sell XRP Yet,” Analyst Compares It to Early Days of Berkshire Hathaway
In an X post, Wall Street analyst Linda Jones likened the current situation of Ripple’s XRP to that of Berkshire Hathaway during its formative years, a company that now boasts a market capitalization of $1.01 trillion USD. Jones argues that XRP’s role in cross-border payments positions it for long-term success, akin to Berkshire Hathaway, noting [...]
- In an X post, Wall Street analyst Linda Jones likened the current situation of Ripple’s XRP to that of Berkshire Hathaway during its formative years, a company that now boasts a market capitalization of $1.01 trillion USD.
- Jones argues that XRP’s role in cross-border payments positions it for long-term success, akin to Berkshire Hathaway, noting that investors who retained their shares despite initial undervaluation saw significant returns.
In a commentary that has captured the attention of the XRP community, Wall Street analyst Linda Jones has drawn a bold comparison between XRP and Berkshire Hathaway during its initial growth phases. In a series of tweets, Jones urged XRP investors to hold on to their assets, asserting that the potential of XRP far exceeds that of ordinary cryptocurrencies.
Jones emphasized the unique position of XRP, which is primarily utilized by Ripple for cross-border payment solutions. She firmly stated, “XRP is not a meme coin; XRP is not a regular crypto,” highlighting its practical use and value in the financial ecosystem. This assertion comes amidst a backdrop of fluctuations and volatility that have characterized XRP’s journey over the years, driven by regulatory challenges and shifting market sentiments.
Her comparison to Berkshire Hathaway is particularly noteworthy. Jones warned investors that selling XRP at this juncture would be akin to divesting shares of the investment giant during its early days before it realized its true potential in the market. “All you have to have is patience,” she advised, echoing the sentiments of long-term investors who understand that significant returns often require time and resilience.
What XRP Investors Can Learn from Berkshire Hathaway’s Early Growth Days
Berkshire Hathaway’s journey began with two textile companies in Massachusetts, the Hathaway Manufacturing Company and the Berkshire Cotton Manufacturing Company, both founded in the late 1800s. Under the leadership of Warren Buffett, Berkshire Hathaway evolved into one of the most successful investment firms in history. Their strategy focused on diversification through strategic acquisitions of established, undervalued businesses, such as Dairy Queen, Duracell, Business Wire, and Fruit of the Loom. This approach, rooted in discipline, allowed Berkshire to solidify its reputation as a powerhouse, demonstrating consistent growth from $81,663 in revenue in 2005 to a staggering $364,482 by 2023.
Similarly, Ripple has emerged as a significant player in the cryptocurrency space since its inception in 2012, following closely behind Bitcoin and Ethereum. Despite being underappreciated by some investors, Ripple’s platform is designed for cross-border payments, and its native cryptocurrency, XRP, shows great promise. For instance, an investment of $100 in XRP back in January 2017 would have yielded 15,634.77 tokens, valued at approximately $41,904.32 today. This remarkable growth reflects Ripple’s potential in the financial sector.
Ripple has strategically strengthened its digital asset capabilities through significant acquisitions and partnerships in recent years. In 2024, the company acquired Standard Custody & Trust Company to enhance custody solutions for financial institutions. This followed its May 2023 purchase of Swiss firm Metaco for $250 million and the acquisition of Fortress Trust.
Additionally, Ripple has formed vital partnerships to bolster its payment solutions, especially in Latin America. Collaborating with Mercado Bitcoin facilitates international payments in Brazil, while a partnership with Travelex Bank promotes the adoption of Ripple’s On-Demand Liquidity system for faster transactions. Major banks like Santander, BBVA, Unicredit, and CBW Bank have also partnered with Ripple.
In essence, Jones’ insights serve as a reminder that, much like traditional investments, the crypto market often requires a long-term perspective to fully appreciate the underlying value of emerging assets like XRP.
Market conditions for XRP are becoming increasingly favorable, particularly with a cryptocurrency supporter set to become the 47th president of the U.S., the resignation of SEC Chair Gary Gensler, and the introduction of crypto-friendly regulations. Given these developments, now is an excellent time to invest in XRP. Currently trading at $2.73, the token has seen a remarkable 450% increase over the past month and 90.32% in the last week. This surge indicates a potential rebound and rising investor confidence.
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