In a recent video, Bitboy, a well-known crypto influencer also known as Ben Armstrong, revealed the quantity of XRP, which are tokens on the Ripple network, that a cryptocurrency investor needs to possess in order to become a millionaire.
According to Armstrong’s perspective, in order to achieve millionaire status in the digital asset, a cryptocurrency enthusiast should possess 150,000 units of Ripple tokens. Predictably, this statement sparked a heated discussion within the crypto community, prompting various responses. Some individuals conducted polls to gauge the collective wisdom of the crypto community, seeking valuable insights on the subject.
Jenna, a renowned influencer in the XRP community, conducted a poll that garnered a significant response from digital asset enthusiasts. Interestingly, the majority of respondents expressed the belief that acquiring fewer than 150,000 units of XRP is sufficient to achieve millionaire status.
Furthermore, among the respondents, a notable 62.5% expressed the opinion that they require fewer than 150,000 units of digital assets to achieve their desired millionaire status. In contrast, the runner-up group, with 22.6% of the votes, believed that the figure of 150,000 units aligns with their expectations.
Bitboy’s Insights on XRP: Reacting to the Ever-Changing Crypto Landscape
Nevertheless, Armstrong issued a cautionary statement, emphasizing the significance of adopting a conservative approach in light of the poll’s outcome. Bitboy’s remarks came after his own estimation that owning 150,000 units of XRP would lead to millionaire status. Acknowledging the result, Armstrong warned against excessive optimism in predictions, underscoring the potential negative consequences that can arise from being overly enthusiastic.
Drawing from lessons learned during the previous bull run, Armstrong emphasized the significance of adopting a more conservative mindset. He highlighted the potential pitfalls of succumbing to ambitious predictions, as they can give rise to unrealistic expectations and potentially harm investors.
He said: “I learned one thing from the last bull run – being more conservative never hurt anyone. Being too aggressive with predictions can hurt people.”
Significantly, in order for 150,000 XRP to result in millionaire status, the value of the coin would need to exceed $6.7. At the present price of approximately $0.4271, acquiring 150,000 XRP would require an investment of around $65,000.
In contrast, Edward Farina, a crypto enthusiast, expressed an optimistic perspective on XRP, proposing that possessing 10,000 XRP tokens could potentially lead to achieving financial freedom. This differs from Bitboy’s suggestion of accumulating 150,000 XRP tokens.
Trader’s Taunt: Bitcoin Trader Mocks BitBoy’s Crypto Analysis
In a recent report by TheCryptoBasic, it was highlighted that a well-known Bitcoin trader named Nebraskan Gooner mocked BitBoy regarding his suggestions on achieving millionaire status with XRP. Gooner shared a screenshot of an article that featured BitBoy’s two-step approach, which involved creating a token and using the resulting funds to purchase $1 million worth of XRP.
Although Gooner’s taunt may have been unrelated to the article, his attention was directed towards BitBoy’s recent involvement with the newly launched BEN meme coin. Gooner hinted that BitBoy might engage in a rug-pull of the BEN coin project, aligning with the concerns expressed by others in the community.