Rumors suggest that Elon Musk plans to invest 104 billion USD in Ripple’s XRP, ignited by speculation on social media. However, previous claims regarding a 50 billion USD investment faced skepticism due to lack of credible sources.
Speculation indicates that Musk views XRP as an effective asset for addressing crypto regulatory challenges. This potential investment aligns with his concept of ‘The Everything App,’ where XRP may facilitate payments.
Despite the excitement, no official confirmation exists from Musk or Ripple about any investment. Investors should treat such rumors cautiously, given the cryptocurrency market’s tendency for misinformation.
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