Early Bitcoin Buyer: Overlooking XRP Now Could Be a Costly Mistake

Chad Steingraber, a well-known pro-XRP game developer and early Bitcoin investor, recently drew attention with a post underscoring the potential he sees in XRP.

In the post, he referenced his successful experience with Bitcoin, noting that he acquired all of his BTC holdings when the cryptocurrency was priced at $3,000. At the time, many doubted its viability, but Steingraber’s investment decision has since proven to be highly lucrative.

Bitcoin last traded at $3,000 in December 2018 and briefly maintained similar prices through early 2019. Since then, the asset has climbed to a peak of $118,000, representing a return of approximately 3,700%.

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Steingraber shared that if he had paid attention to the skeptics back then, he would have missed out on the gains entirely.

Drawing Parallels Between Bitcoin Then and XRP Now

In his message, Steingraber made it clear that he believes XRP is now in a phase similar to where Bitcoin was during its earlier years. “I bought all my Bitcoin at $3,000. I wouldn’t have done that if I listened to naysayers,” he wrote. He further remarked, “Same is true for XRP.” The implication is that XRP, like Bitcoin before it, could offer substantial returns to those who invest before the mainstream narrative shifts.

The post reflects a broader belief held by many XRP supporters. They argue that XRP’s value proposition is still intact and that its long-term potential is underestimated by the market due to current sentiment and legal hurdles. While the coin has remained below its all-time high for nearly eight years, some holders maintain that the market is undervaluing it significantly.

Skepticism Persists, but So Does Belief

Despite enthusiasm within the XRP community, the token’s price performance over the years has disappointed some investors. Since the time Bitcoin stood at $3,000, XRP was priced around $0.28. Its gains since then amount to roughly an 11X return, which falls short compared to Bitcoin’s 37X increase. This contrast has led some to question whether XRP can still deliver the kind of returns early Bitcoin investors enjoyed.

However, supporters continue to point to the unique factors that have affected XRP’s trajectory. Chief among them is the long-standing legal dispute with the U.S. Securities and Exchange Commission, which some believe suppressed the coin’s growth. With that lawsuit now concluded, advocates argue that XRP is in a better position to attract broader interest and investment.

Voices Within the Community Urge Patience

Caution or Conviction?

For many investors, the core question remains: When will XRP realize the growth its advocates foresee? While early Bitcoin adopters have already reaped large profits, XRP holders continue to wait for similar results. Yet individuals like Steingraber continue to urge patience, maintaining that dismissing XRP now could mirror the same mistake people made when they overlooked Bitcoin at $3,000.

Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*