- Ben Armstrong predicts XRP could reach $8-$10 in the next bull run, with a potential surge to $50 under favorable conditions.
- Armstrong suggests Ripple’s lawsuit was staged to regulate XRP, positioning it as a key player in the financial system.
- Bitcoin could hit $140,000 in the next bull run, with institutional investors likely to drive significant market activity.
In a recent discussion, Ben Armstrong, known as BitBoy, shared his views on the future of XRP and Bitcoin, especially in light of the ongoing developments in the crypto market. Armstrong emphasized that the Ripple lawsuit with the SEC, which has dragged on for years, is nearing a conclusion.
He noted that Ripple and XRP have emerged with the lion’s share of the victory. Armstrong’s bold claims about the nature of the lawsuit and the future of XRP and Bitcoin offer a surprising perspective on these cryptocurrencies.
Ripple’s Legal Battle: A Staged Event?
Armstrong asserted that the Ripple-SEC lawsuit was a staged event, designed to regulate XRP and integrate it into the banking system. According to him, 75% of what is presented in the media is fake, suggesting that the lawsuit was orchestrated to legitimize XRP as a regulated cryptocurrency.
Armstrong believes that XRP was always destined to win, as the lawsuit was part of a broader strategy to normalize XRP in the financial system. He emphasized that Bitcoin and Ethereum have also been classified as commodities, further cementing XRP’s position in the market.
XRP’s Resilience and Price Outlook
Despite the lawsuit, XRP has maintained its position among the top cryptocurrencies. Armstrong noted that XRP missed the last bull run due to the ongoing legal battle, but he is optimistic about its future. He projected that XRP could reach a price range of $8 to $10 in the next bull run, with the potential to go even higher if certain conditions are met.
These conditions include the introduction of an XRP ETF and an IPO, which Armstrong believes could push the price to as high as $50. However, he remains cautious about these scenarios, emphasizing that the money required for such a price surge would have to come from other cryptocurrencies.
Bitcoin’s Potential in the Upcoming Bull Run
Turning to Bitcoin, Armstrong predicted that the leading cryptocurrency could reach a price target of $140,000 in the upcoming bull run. He acknowledged the possibility of Bitcoin spiking to $170,000 or $180,000, but he believes that $140,000 is a more realistic target.
Armstrong pointed out that institutions and large investors are likely to be satisfied with a 3X return from Bitcoin’s current levels. He also mentioned that the bull run could start as early as April 1st and last through the end of June, with the second quarter of the year being a critical period for Bitcoin’s performance.
Armstrong’s insights provide a unique perspective on the future of XRP and Bitcoin, with his predictions highlighting the potential for major price movements in the upcoming months.
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