Early Bitcoin Buyer Says Dismissing XRP Today Is a Mistake

Pro-XRP game developer Chad Steingraber recently reignited confidence in XRP with a post highlighting his early Bitcoin investment. According to Steingraber, he bought all his Bitcoin when it was just $3,000, a decision that has paid off massively. Notably, BTC last sold for exactly $3,000 in December 2018. The leading crypto also maintained prices in the $3K range in early 2019 before it left that region for good. In the nearly seven years that followed, Bitcoin has gone on to reach its peak price of $112,000. In perspective, that marks a massive 3,633% surge. Even today, it retains most of those gains, stabilizing around $109K. Don’t Miss XRP After Missing Bitcoin In his post, Steingraber emphasized that he would have missed the opportunity to enter Bitcoin early and net a 37X return if he had listened to the naysayers. He suggests that XRP is now in a similar phase. The tweet subtly warns that listening to skeptics could lead to missing out again. Steingraber’s message resonates with a broader sentiment within the XRP community. They believe XRP could become as valuable as Bitcoin in the future and that long-term value often emerges when sentiment is at its lowest. These comparisons surface as XRP’s long-term performance continues to frustrate holders. The coin has traded below its peak for nearly eight years, with many critics labeling it a poor long-term investment but viable for short-term speculation. Ignoring the Noise, Focusing on Value However, XRP proponents see such skepticism as similar to what Bitcoin faced in its early stages. Some commentators also point out that XRP has existed nearly as long as Bitcoin. Notably, XRP emerged three years after Bitcoin, though their performance remains miles apart. For instance, around 2018/2019, when Bitcoin was last seen at $3K and Steingraber entered, XRP was around $0.28. Since then, XRP’s price has increased about 11X compared to Bitcoin’s 37X. Many attribute XRP’s perceived underperformance to the SEC lawsuit. While the legal battles are now behind it, the coin has yet to stage the historic breakout many hope will make them rich. Yet, amid the wait, pundits continue to highlight that a day of reckoning is coming for XRP, and those ignoring it today may regret it. According to crypto educator Edoardo Farina, investors have until Ripple unveils a new plan for the XRP in escrow. After that, he believes FOMO will send the price through the roof. Separately, influencer Coach JV said XRP holders stand to benefit from one of the greatest wealth transfers in history. According to him, those sleeping on XRP will regret it in the future. But When? Amid all these promises of a bright future, the lingering question on investors' minds is: When will this teased future arrive? Early Bitcoin holders are already cashing out billions from investments made when prices were under $0.10. As for XRP holders, the wait continues. However, pundits like Steingraber have continued to advise patience. https://twitter.com/JDin5D/status/1942040888881934643