American bettor Steve Wynn believes that the price of Ripple ( XRP ) can go as high as $ 10,000 on the market. According to an interview with the Forbes billionaire, altcoin will take on an important role in money transfer .
The BlackJack player's prediction for the cryptocurrency reflects a long-term investment strategy . According to Wynn, the XRP will be considered an "international currency". The famous player explains that the altcoin project may be responsible for such an assessment.
Ripple investor Steve Wynn expects Altcoin to appreciate in the coming years, but he has no target price to sell. In the interview, the billionaire stated that he also invests in other cryptocurrencies in addition to XRP.
However, it is the XRP that can be used as an international remittance transfer system, according to the player. Wynn predicts that a large adoption of the cryptocurrency will cause the price to be $ 10,000 in the market.
Long-term Ripple price forecast
Ripple can unquestionably perform well in the market if Steve Wynn's prediction comes true. The billionaire gamer predicts that the cryptocurrency will trade at $ 10,000 in the coming years.
To explain the forecast, Wynn says that XRP represents an important value transfer system that can be adopted on a massive scale. This huge adoption would push Ripple's price to five digits.
"It was designed to have a value of 10,000 per coin. This would assume that all retail transactions and international currency transfer use XRP."
The billionaire's long-term bet on the price of XRP is related to Ripple technology that can be used as a means of payment and transfer of value.
Banks such as Santander already use this technology to complete international money remittance transactions. The Ripple system can be cheaper, safer and faster than conventional means of sending money between different countries.
"XRP" is designed to be an instant funds transfer application. It is trying to take over all retail transactions and fast international money transfers. "
XRP's Hodl for five years
Billionaire Steve Wynn has declared himself an investor in the market for XRP and is betting on a large long-term appreciation of altcoin. According to him, this cryptocurrency could be worth up to $ 10,000.
Without sizing the ideal time for Ripple appreciation, Wynn explains that his strategy is to save (hodl) his cryptocurrencies. By holding the balance for a short period, the investor can make a significant profit from the altcoin price rise.
"At least 5 years, when I bought the coins, I did it for the long term. As (the price) increases, I make a profit at certain times, but I don't have a target price to sell everything."
Considering the current XRP market price on Tuesday (14) at $ 0.199056, the forecast of $ 10,000 posted on Forbes would represent a cumulative appreciation of over 5,000,000% for altcoin.