Ripple Crowning its Co-Founder as one of the Richest people
Chris Larsen – Executive Chairman at Ripple has seated the “Richest person in the world” throne based on the reports assessing his stake in the not-stopping growth of the cryptocurrency.
In a tweet Wednesday, BitFury founder and commentator George Kikvadze noted that Larsen’s 37% stake in Ripple, which has an ‘implied’ market value around $320 billion, makes him richer than Bill Gates and Warren Buffett.
“If centralised Ripple is worth $320 (billion) then decentralised Bitcoin is (definitely) going to be worth trillions,” he added, passing Larsen his congratulations.
The success and explosion in the past year of the altcoin directly is being reflected by the astonishing implication of Larsen’s personal wealth from the coins cap.
To take for an example, anyone that is longer around holding its shares in XRP since the end of 2016 [meaning just over one year] is welcoming a gain of 20k percent with XRP appreciating by a further third in the past 24 hours alone.
For the moment, it is trading above $3.50 which means that our dreamy forecast of $2.00 for 2018 has been long run over. Even an assumption like that in mid 2017, was more than imaginary seeing the coin having struggle to overcome the $0.2000 for quite some time.
The past is not necessarily a predictor of the future, but it would be quite amazing if XRP maintains its second position for long, just as it would be quite interesting if Bitcoin Cash does not re-gain its third position.
However, who is to say but time itself. What we can say though is that with effectively all the banks now seemingly testing XRP, just as they are testing ethereum and other blockchains, it would be interesting to see if XRP has much left to talk about.
Especially in a space that keeps moving very fast, with all the top ten digital currencies now standing above $10 billion and a number of new projects making an entrance.