XRP rises by 8,000 as US wealth advisor sees XRP as the new Apple stock

Mickle, a well-known American wealth advisor, boldly claimed that XRP could be seen as the new Apple stock (AAPL). He shared this bold view in a recent article on X, drawing attention to AAPL. Notably, Apple stock has been on a bull run in recent weeks, in contrast to the bearish swings in the crypto scene. Specifically, AAPL has risen 4.9% in the past five days and 15.83% in a month.

In comparison, Bitcoin is down 12% over the past week and has lost 20% of its value over the past 30 days. Similar double-digit percentage price crashes were also observed for XRP and Ethereum.

Apple shareholders reap huge profits

In his comments, Mickle highlighted that investors who simply hold AAPL without over-complicating their strategy have seen returns of up to 8,000% year to date, and the stock is still rising. He noted that owning AAPL is as simple as recognizing Apple's potential with the iPhone, foreseeing its dominance in the mobile industry, and monitoring its continued success.

Looking back at Apple's historical chart, Mickle noted that the stock has generally trended upward with few worrisome moments. Despite Bitcoin’s higher volatility, he believes BTC is showing a similar long-term uptrend.

According to TradingView data, AAPL’s five-year trend shows a profit of 345%, which is comparable to Bitcoin’s 350% over the same period. However, AAPL’s all-time ROI of 176,250% is nowhere near the 529,630% ROI achieved by Bitcoin holders.

Mickle's View on X

XRP Could Be Viewed as the New Apple Stock

Mickle’s argument that XRP is the new Apple stock is based on the fact that investors can hold XRP in a similar manner and expect to earn significant gains without over-complicating the strategy. This is done by recognizing XRP’s important role in the multi-trillion dollar global payments market and predicting that as XRP’s popularity increases, its value will also grow.

Notably, data from TradingView shows that XRP has only grown by 8.45% in five years, far less than the return for AAPL holders. It is worth noting that Apple has been on the market for more than four decades, while XRP is only 11 years old.

Industry experts such as Panos Mekras, co-founder of Anodos Finance, have boldly claimed that the upside potential of investing in XRP exceeds that of Apple, Amazon, and Netflix stocks.

Likewise, prominent crypto analyst EGRAG recently demonstrated that trading XRP at its current low price could be comparable to those who sold shares in Apple, Google, Amazon, and Tesla in their early stages.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may reflect the personal opinions of the author and do not necessarily reflect the opinions of The Crypto Basic. Readers are encouraged to perform thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.