In a thought-provoking debate taking place in the crypto world, Edward Farina, CEO of Alpha Lions Academy, has suggested a unique formula for long-term financial freedom.
Farina argues that holding 10,000 XRP tokens could pave the way for significant wealth in the next substantial bull run for the asset. At the current exchange rate, an investment of 10,000 XRP is equivalent to approximately $4,643.
Farina shared this bold proposal in response to a Twitter survey initiated by well-known YouTuber and cryptocurrency analyst Jenna Kady. Kady’s query probed the XRP community’s belief in the potential amount of XRP required to become a future millionaire. She offered a starting amount of 150,000 XRP, which equates to around $69,645.
Less is more in the quest for the XRP Millionaire
Interestingly, Farina belongs to the majority group (63% of respondents) who believe that acquiring wealth with XRP requires much less than the starting point of 150,000 tokens proposed by Kady. He offered an even lower entry point, with a long-term holding of just 10,000 XRP. However, Farina cautioned that this was just her personal view and should not be misinterpreted as investment advice.
He expressed his point of view, saying“If you hold on through the complex journey ahead of us, including ups and downs, FUD and more, with plenty of patience, a cold wallet, and knowing how to handle emotions, 10K XRP should set you free. My opinion. “
BitBoy’s conservative approach draws backlash from the crypto community
Kady’s intriguing poll was initially spurred by comments from BitBoy, a popular influencer in the crypto space, who had previously proposed a conservative investment in 150,000 XRP tokens to achieve millionaire status. The BitBoy prospect drew mixed reactions, with a significant number of XRP advocates voicing their disagreement.
Many crypto enthusiasts have found BitBoy’s token count to be excessive and unrealistic, sparking further polls and debate within the community. At press time, XRP was still hovering at $0.46.