Ben “BitBoy” Armstrong remains bullish on XRP despite the US regulator potentially appealing the XRP ruling, given it has been relisted on exchanges.
Crypto influencer Ben Armstrong, popularly known as Bitboy, took to Twitter to express his bullish stance on XRP, undeterred by the US Securities and Exchange Commission’s (SEC) appeal timeline.
Specifically, in response to pro-XRP lawyer John Deaton’s forecast that an appeal decision could take up to two years, Bitboy confidently asserted that this situation signals a bullish outlook for XRP throughout the entire bull run.
“This means bullish through the bull run no matter what,” Armstrong proclaimed.
This means bullish through the bull run no matter what. $XRP has been relisted on exchanges and no one is scared https://t.co/9DtMGzypeD
— Ben Armstrong (@Bitboy_Crypto) July 24, 2023
No One is Scared of Legal Proceedings for XRP
Interestingly, Bitboy did not express a bullish outlook for XRP based on the lengthy appeal court processes alone. He highlighted that XRP has already been relisted on various exchanges, indicating the community’s resilience and lack of fear in the face of legal proceedings.
“XRP has been relisted on exchanges, and no one is scared,” Bitboy remarked.
As The Crypto Basic reported this month, XRP was relisted on US-based crypto exchanges and beyond after the court declared the digital asset is not a security.
Bitboy’s optimism resonates with many XRP supporters who remain bullish about the token’s future. In particular, renowned XRP influencer Crypto Asset Guy responded to Armstrong’s tweet, saying XRP will hit a new all-time high in the fourth quarter of the year.
Similarly, as The Crypto Basic reported yesterday, pro-Bitcoin crypto influencer Scott Melker expressed that whether the SEC appealed the XRP victory and got a decision, XRP will maintain its non-security status for at least two years.
Some May Hesitate to Invest in XRP
However, not everyone shares the same sentiment. Another Twitter user raised concerns that institutions and investors may hesitate to fully commit to XRP if a significant court case is looming for the next two years.
The Twitter user emphasized that company accountants and lawyers, who play crucial roles in decision-making, may be cautious about providing the green light for their represented firms to invest in XRP.
In response, Deaton stressed that major US-based crypto exchanges would not have relisted XRP if these measures were actually taken. However, the pro-XRP attorney agreed that banks might have a more conservative approach.
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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