- Expert Linda Jones recommends buying pre-IPO Ripple shares at $40 due to its growth potential with a $6.6 billion valuation.
- Jones predicts a significant ROI, turning $10,000 into $140,000, even if Ripple doesn’t outperform Coinbase, thanks to its unique XRP accounting.
- Valuing XRP holdings could boost Ripple’s valuation, making it a lucrative investment, according to Jones.
In a recent Linqto investor meetup, renowned financial expert Linda Jones shared her insights on why buying Ripple shares at the current price of $40, just ahead of a potential Initial Public Offering (IPO), is a brilliant move.
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Jones encourages investors to look beyond the current share price, emphasizing Ripple’s underlying value, which stands at a substantial $6.6 billion. She firmly believes that Ripple holds immense growth potential in the coming years, making it a promising investment.
What makes Jones’ perspective even more compelling is her prediction of a remarkable return on investment. She suggests that even if Ripple doesn’t outperform Coinbase, investors who put $10,000 into Ripple today could witness their investment swell to a staggering $140,000. This substantial growth potential can be attributed to Ripple’s unique accounting approach regarding its XRP asset.
Ripple currently values its XRP asset at zero on its balance sheet, a practice that differs from most other companies in the crypto space. Jones believes that if Ripple assigns a value to its XRP holdings, the growth potential becomes significant even at the current price of $0.5. Moreover, if Ripple were to consider XRP’s historical highs of approximately $3.84, the valuation could skyrocket to more than 14 times its current worth.
With a potential IPO on the horizon and the unique accounting practices surrounding XRP, investors might be in for a lucrative ride that could far surpass the $40 share price.
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