Common Sense Crypto, a notable crypto handle focused on education, argues that XRP is preferable to gold, citing a crucial XRP use case.
In a recent post on X, the pundit behind the account expressed his 2024 view of various valuable assets, including crypto and traditional assets. He noted that he would rather have a Bitcoin portfolio than US dollar cash stashed in the bank.
Interestingly, the community pundit revealed that he would, however, prefer to have gold instead of Bitcoin. While he provided no specific reason for his preference for gold over BTC, even though traditional financial behemoths increasingly see BTC as digital gold, it may be due to Bitcoin’s stronger price volatility than gold.
However, based on historical performance, holding Bitcoin over the last ten years is a more sound financial decision than gold.
XRP Instead of Gold
Meanwhile, Common Sense Crypto disclosed a preference for XRP over gold despite favoring gold over Bitcoin, a comparable crypto asset to XRP.
The crypto educator emphasized a strong affinity for gold and silver but expressed a belief that XRP will ultimately hold greater value. This is based on the potential for XRP to facilitate the real movement of world assets, such as gold, through tokenization.
Indeed, the XRP blockchain has the capability to facilitate real-world asset (RWA) tokenization.
XRP Facilitating Tokenization
In June, Ripple and Archax, the first pioneering U.K. digital securities exchange, strengthened their existing alliance to usher in tokenized RWAs to XRPL in hundreds of millions of dollars.
Earlier this month, Ripple, in partnership with OpenEden, launched tokenized US Treasury bills on XRPL. Notably, Ripple has injected $10 million into OpenEden’s TBILL tokens.
Notably, before the elevated alliance, Archax CEO Graham Rodford had publicly predicted that XRPL’s blockchain would handle $50 trillion in tokenization in the coming years.
This bullish prediction continues to give some XRP enthusiasts reasons to remain bullish about the token as they theorize the potential price impact of such massive funds.
Gold vs Crypto Assets
Notably, according to data from Macrotrends, gold is $2,431.16 per ounce. As of November 2015, it was $1,405. At the same time, Bitcoin was worth $404 but has since grown by 14,912% to its current price above $60,800.
Similarly, XRP was worth $0.0042 in November but has since grown by 13,869% to its current value of above $0.5867.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
