Renowned crypto influencer “DustyBC” has caused controversy after stating that owning only XRP might be sufficient for investors to “make it” financially.

The bold assertion comes at a time when XRP trades below its all-time high, but still captures the attention of both fans and critics throughout the market.

Renowned crypto influencer "DustyBC" has sparked controversy by stating that owning only XRP might be sufficient for investors to "make it" financially, at least according to a report by CryptoSlate.

The bold assertion comes as XRP trades below its all-time high, yet still captures the attention of both fans and critics throughout the market.

Single-Asset Strategy Raises Eyebrows

Based on reports, DustyBC's comment implies that investors can achieve significant wealth by adopting an XRP-only investment strategy. The perception has gained traction with some supporters who feel that "one strong hand beats a hundred weak plays."

The sentiment is indicative of increased interest in focused investment strategies over diversified portfolio strategies.

The token, which runs Ripple's payments network, already has a valuation of several billion dollars. A few market commentators have made claims published that the XRP currency may see targets of as much as $10,000 per token. Those are wild claims, but they have driven some enthusiasm among certain investors.

Market Size Claims Support Bull Case

Backers cite the enormous payment market as the basis for their optimism. The international payments space is said to be valued at multi-trillion dollars, with some estimates placing the industry at the $300 trillion mark by the end of this decade.

According to these figures, XRP supporters believe that taking just 1% of this market would have a dramatic effect on the token's price. This has caused some analysts to caution that not holding at least 1,000 XRP tokens demonstrates bad financial sense.

Ripple's ongoing business expansion, partnerships and acquisitions have been listed as further causes for optimism. These actions continue to provide talking points for those still optimistic about XRP's potential future.

Critics Question Growth Potential

Not all people are so keen on XRP as a vehicle to get rich. X user 'Shero' reacted to DustyBC's remarks by saying that XRP's possible growth is only seven to 10 times its current value - a gain that some critics don't view as "life-changing."

These more conservative voices highlight XRP's current valuation of over $133 billion as a constraint on future growth. They propose that such a high market cap renders runaway price growth mathematical overreach, hurting investors with small positions who believe in revolutionary wealth.

On Balance & Risks

While some XRP advocates get their juices flowing, others within the crypto community are placing a high premium on risk mitigation. They claim that having several solid assets ensures greater security compared to focusing on one coin.