Why any savvy investor would put their hard earned money in an imaginary currency as bloated, overvalued, and overspeculated as Ripple's XRP boggles the mind.
When the inevitable cryptocurrency bubble bursts, there can be no doubt it will be apocalyptic.
The coming cryptocurrency-armageddon is forecasted to wipe out at least 90% of investors' value across the board.
Speaking of value, fake digital tokens like XRP hold no equity value and offer no claims on any kind of underlying asset. Nothing!
By that definition, they are actually way worse than dot-com stocks in 1999 — at least back then investors owned a piece of a company with a revenue stream!
The problem is that the value being stored is simply everyone else's agreement that there must be value here. There is no other asset. And that is exactly what a speculative bubble looks like. See: The Holland Tulip and Bulb Craze (1630s) https://www.investopedia.com/features/crashes/crashes2.asp
Ripple's XRP CAVEAT EMPTOR
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