$XRP Linda P. Jones, a Wall Street analyst, has highlighted the long-term potential of XRP by comparing its current performance to that of Berkshire Hathaway in its early years.
In her statement, Jones made a clear distinction between XRP and much of the cryptocurrency market in general. She emphasizes that XRP is not a meme coin, driven by hype, noise on social media, or short-term speculation. Additionally, she underscores that XRP is not a typical cryptocurrency, differentiating it from most digital assets.
This vision aligns with a broader narrative within the XRP community, where supporters constantly differentiate XRP from tokens primarily built for decentralized experimentation or speculative trading. In contrast, XRP is closely linked to institutional use cases.
Specifically, its role within Ripple's payment infrastructure and its adoption by financial institutions like SBI make XRP's characteristics more comparable to a financial network asset than to a cryptocurrency token driven by retail trading.
āØSelling XRP now is like getting rid of Berkshire Hathaway shares early
Based on this, Jones argues that selling XRP today is like selling Berkshire Hathaway shares during its formative years. To provide context, Berkshire Hathaway was formed in 1955 from the merger of Berkshire Cotton and Hathaway Manufacturing and initially operated as a modest textile company.
However, the company's trajectory changed dramatically when American investor Warren Buffett began aggressively accumulating its shares in 1962. He eventually took control as CEO in 1965, transforming the company into one of the most valuable conglomerates in the world.
In its early days, Berkshire Hathaway traded like any other stock, frequently overlooked and undervalued by investors who failed to recognize its long-term potential. As a result, early sellers missed out on decades of compounded gains, while patient holders ultimately reaped extraordinary rewards.
āØBRK:A Massive Growth
To provide context, since Berkshire Hathaway's Class A shares (BRK.A) debuted on the NYSE, the stock has delivered a historic return of 304,230%. Notably, Jones believes that XRP is now at a similar inflection point, suggesting that the token could be poised for a significant long-term rally.
However, she urges XRP holders to maintain patience as the asset matures into a trajectory that could be seen as that of BRK.A. This perspective comes at a time when XRP continues to face notable downward pressure.
After reaching a multi-year high of $3.65 in July, the token has since decreased by 47.67%. It is currently trading around $1.91, XRP remains 50.17% below its all-time high of $3.84. Notably, several other major cryptocurrencies, including Bitcoin and Ethereum, have also experienced significant pullbacks during this period.
Nevertheless, XRP advocates remain optimistic. They believe that the token could recover as multiple catalysts, ranging from increasing institutional demand to regulatory advances through the CLARITY Act, begin to align.
