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HomeCrypto NewsMarketSBI CEO: XRP Investors May See Massive Gains if Legal Outcome Favors Ripple

SBI CEO: XRP Investors May See Massive Gains if Legal Outcome Favors Ripple

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SBI Holdings CEO predicts XRP surge post-legal victory as crypto influencer highlights Kitao’s bullish outlook, including potential Ripple IPO.

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In a recent development that has sparked excitement among XRP enthusiasts, Yoshitaka Kitao, Chairman and CEO at SBI Holdings Inc, shared his optimistic views on the future of XRP should Ripple secure a victory against the US Securities and Exchange Commission (SEC).

Tehol Beddict, a long-standing proponent of XRP, highlighted the video snippet of Kitao’s Japanese speech. The snippet quickly spread across the crypto community alongside its English rendition.

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The statement has caught the attention of crypto enthusiasts, as Kitao’s insights hold significant weight. XRP community influencer Eri quoted the update and added context for further clarification.

Kitao’s remarks, translated from Japanese to English, suggested that if the ongoing legal proceedings regarding XRP’s classification as a security conclude favorably, the digital asset’s price could soar. 

He further affirmed that Ripple is considering an initial public offering (IPO). According to him, this could potentially lead to substantial capital gains for shareholders, regardless of whether they choose to sell or hold their XRP investments.

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Furthermore, the crypto influencer shed light on the unique communication style of Kitao. She likened his speaking manner to that of a Daimyo, a feudal lord in historical Japan, rather than a government PR spokesperson addressing a news conference. 

This characterization highlights the confidence and authoritative stance of the SBI president on the matter. 

SBI’s Relationship with Ripple

SBI Holdings Inc. is a Japanese financial services company that has been actively involved in the crypto industry since 2016. The company has invested in many crypto startups, including Ripple, Coincheck, and VC Trade.

SBI Holdings has a solid and strategic partnership with Ripple. As a vital bridge between traditional financial institutions and the world of digital assets, SBI has actively promoted adopting Ripple’s innovative solutions, especially in cross-border payments, as reported by The Crypto Basc.

Kitao’s positive outlook for XRP aligns with the argument of numerous influential figures in the crypto space. Recall that a pro-XRP lawyer John Deaton recently argued that XRP would soar to $10 post-lawsuit victory.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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