8000% Surge for XRP? Renowned American Wealth Advisor Compares XRP to Apple Stock
In a bold statement, widely followed U.S.-based wealth advisor Mickle has suggested that XRP could potentially become the new Apple stock (AAPL).
Mickle shared this audacious viewpoint in a recent post on X, drawing attention to the historical trajectory of AAPL. Notably, Apple stock has been displaying bullish behavior in recent weeks, in stark contrast to the bearish volatility witnessed in the crypto market. Over the past five days, AAPL has experienced a 4.9% rise, and a 15.83% increase over the course of a month.
On the other hand, Bitcoin has endured a 12% crash in the past week, resulting in a cumulative loss of 20% of its value over the last 30 days. A similar double-digit percentage price crash can also be observed for XRP and Ethereum.
Massive Profits for Apple Stockholders
In his commentary, Mickle underscored the fact that investors who simply held onto AAPL without overcomplicating their strategy have enjoyed returns as high as 8,000% to date, with the stock continuing to rise. He emphasized that holding AAPL was as simple as recognizing Apple’s potential with the iPhone, anticipating its dominance in the mobile industry, and closely monitoring its ongoing success.
Reviewing Apple’s historical chart, Mickle pointed out that the stock has generally trended upward, with few alarming fluctuations. Despite Bitcoin’s higher volatility, he argued that BTC exhibits a similar long-term upward trajectory.
According to TradingView data, AAPL’s five-year trajectory shows a profit of 345%, comparable to Bitcoin’s 350% over the same period. However, AAPL’s all-time return on investment (ROI) is 176,250%, which pales in comparison to the 529,630% ROI realized by BTC holders.
How XRP Could Be the New Apple Stock
Mickle’s argument that XRP is the new Apple stock is based on the notion that investors can similarly hold XRP and anticipate significant gains without overcomplicating their strategy. This is by recognizing XRP’s substantial utility in the global payment market, which is worth trillions of dollars, and expecting that as XRP adoption grows, so will its value.
Notably, TradingView data shows that XRP has only seen an 8.45% increase over five years, far lower than the returns for AAPL holders. It is important to keep in mind that Apple has been in the market for over four decades, while XRP is just 11 years old.
Industry experts such as Panos Mekras, co-founder of Anodos Finance, have confidently stated that investing in XRP offers more upside potential than Apple, Amazon, and Netflix stocks.
Similarly, renowned crypto analyst EGRAG recently argued that trading XRP at its current low value might be comparable to those who sold off Apple, Google, Amazon, and Tesla stocks in their early stages.