XRP's Price Undervalued by 99% Says Black Swan Capitalist CEO

Versan Aljarrah, the CEO of Black Swan Capitalist, has made a bold prediction regarding the price of XRP. According to Aljarrah, the current market value of XRP does not reflect its true worth. He argues that the price of a cryptocurrency is not determined by retail investors but by larger investors and global financial institutions with significant capital and influence. This perspective comes at a time when XRP has been experiencing a prolonged decrease in price.

Aljarrah draws a parallel between the pricing of stocks during the pre-IPO phase and the current situation of XRP. He explains that the value of a share is determined by banks and hedge funds before it is listed on the market. According to Aljarrah, financial institutions such as JP Morgan, BlackRock, and the Bank for International Settlements are the driving forces behind the current price of XRP. These institutions have already set the price of XRP, and their influence will continue to shape its value in the future.

Aljarrah also highlights that major financial players have chosen XRP as the next bridge asset for global transactions. This positions XRP as a key player in the future of blockchain adoption and interoperability with existing currency systems. He emphasizes that XRP is no longer just a speculative asset but is being actively used or tested by banks and other institutions for cross-border payments. This widespread adoption by institutions is expected to drive up the demand for XRP, pushing its price higher.

Despite the current market turmoil and significant price decrease, Aljarrah remains optimistic about XRP's future. He believes that the current value of XRP is irrelevant due to its status with global financial institutions. According to his prediction, the "true value" of XRP is between $100 and $1000. The question, therefore, is not if XRP will hit $100 but when it will reach this milestone. Aljarrah's prediction is based on the increasing institutional adoption of XRP, which he believes will significantly boost demand and drive up the price.

While some market participants question the logic behind Aljarrah's theory, arguing that banks would not pay more than the market value, the institutional adoption of XRP is expected to increase its value in the long term. The reality of Aljarrah's projection remains to be seen, but the widespread adoption of XRP by nations and institutions is a positive indicator for its future price performance.