Michael Saylor on Why XRP Isn’t Part of His Investment Strategy
The market turned bullish following Trump’s victory, with Bitcoin trading at $92,460, up 1% on the last day, taking the market cap to nearly $2 trillion as prices continue to rise. MicroStrategy chairman Michael Saylor, a prominent Bitcoin advocate, has dismissed claims that he would not recommend assets like XRP to his clients despite XRP’s 50% surge above long-term stagnation at $1.
Talk about PBD podcastThaler made it clear that he remains focused on Bitcoin and sees it as the ultimate long-term investment. He highlighted the risks associated with securities, noting that he would avoid assets with counterparty risk, including cryptocurrencies like XRP and even high-profile stocks like Apple.
Saylor says XRP has no chance of surpassing Bitcoin!
Since deciding to invest in Bitcoin, MicroStrategy’s stock price has soared 2,735% over the past five years, making it a leader in corporate Bitcoin holdings. Thaler emphasized his view of Bitcoin as “digital capital” and the most reliable asset in the volatile cryptocurrency market. Although a U.S. court ruled last July that XRP was not a security, Saylor’s comments indicate that he still believes so.
While Thaler’s investment philosophy is centered around Bitcoin, he is optimistic about the broader digital asset ecosystem. He further said that technology giants such as Microsoft, Apple and Google are missing out on opportunities by not investing in Bitcoin. Despite holding $78 billion in cash reserves and backing projects like Skype and OpenAI, Microsoft has yet to get involved in Bitcoin or related assets. Saylor believes that Bitcoin is an excellent alternative to cash reserves and said that if Apple invested $100 billion in Bitcoin, Bitcoin could grow to $500 billion, creating a business with an annual growth rate of 20%.
Under Saylor’s leadership, MicroStrategy has embraced Bitcoin as a financial strategy, holding more than 330,000 Bitcoins worth $30 billion. He credits the move with helping MicroStrategy transcend the broader market and urged other companies to take a similar approach.
Challenge stablecoin
Regarding stablecoins such as USDT and USDC, Saylor acknowledged their growing importance, especially in economically unstable regions such as Venezuela and Cuba. He noted their potential to modernize global finance and address humanitarian challenges. However, he stressed that the United States needs a clear regulatory framework to enable stablecoins to grow from $150 billion to potentially $10 trillion in the future.
What’s next for XRP?
Despite the negative impact, on-chain data shows growing demand for XRP, with massive withdrawals of funds from major exchanges. According to data from CryptoQuant, Upbit withdrew 250 million XRP tokens in the past week, bringing its reserves down to 6.3 billion, a four-month low. Likewise, Binance’s XRP reserves have also been steadily declining since November 12.
The decline in reserves indicates increased buying pressure as investors move XRP to private wallets, which typically implies long-term holding strategies. As supply on exchanges dwindles, the price of XRP may see upward momentum, signaling a potential bullish trend ahead.
