Oliver Michel, CEO of Tokentus Investment AG, has made a bold assertion in the latest episode of Crypto Talk – a series produced for German television in collaboration with Der Aktionaer, regarding the future role of Ripple and XRP. Michel, leading one of Germany’s prominent venture capital firms, provided a deep dive into the operational excellence of Ripple Labs and the transformative potential of XRP within the financial sector.
Ripple IPO And XRP Price Expectations
Michel praised Ripple Labs for its professional management and strategic direction, aiming for a major initial public offering (IPO). He stressed the importance of Ripple’s approach to solving the inefficiencies of cross-border payments, distinguishing between the company’s operational framework and the utility of XRP.
“Ripple is a professional company […] It’s not a foundation where some people get together and say we’re going to do something. It’s a professional company with the ambition of a fairly large IPO,” Michel stated, emphasizing the solid foundation upon which Ripple builds its services.
Delving into the specifics of Ripple’s value proposition, Michel elaborated on the inefficiencies of traditional banking transactions across borders, highlighting the advantages of using XRP as a bridge currency.
He detailed, “You give it to the bank, exchange these euros for XRPs, put them on the ledger, i.e., on the blockchain, very quickly and without major costs […] This means that XRP is the bridge currency, XRP Ledger is the blockchain, the bridge and the liquidity pool.” This process, according to Michel, stands as a testament to Ripple’s innovative approach to leveraging blockchain technology for real-world financial operations.
Michel also shared insights into his investment strategy regarding XRP, noting his expectations for the cryptocurrency’s value. When queried when he plans to sell, he remarked, “I’ll think about it when it’s at $5. So, from now on, a tenfold increase. At $10, I think that would be super good.” These comments not only reveal Michel’s bullish outlook on XRP but also his nuanced understanding of the cryptocurrency’s market dynamics.
Michel further disclosed his dual investment in Ripple, holding both XRP coins and shares in Ripple Labs through Tokentus Investment AG and his family office. This strategic positioning underscores his confidence in Ripple’s dual offerings and his belief in…
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