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 <p>In a recent post on X (formerly Twitter), Ripple CTO (Chief Technology Officer) Jacob Schwartz revealed that his father purchased over a million XRP in 2014 from Justcoin, a crypto exchange. Back then, the token was trading at around $0.005. Schwartz’s post was a response to a question revolving around the lowest amount paid by users to acquire a single token. </p> 
 <p>Since Schwartz’s father purchase about one million tokens at $0.005, the initial investment would have been around $5000. Since 2014, XRP has risen by about 10,120%. Moreover, the million tokens today are worth around $511,000. </p> 
 <p><strong>Also Read: XRP Forecasted To Rise 1,100%, Reach New ATH of $5.85: Here’s When</strong></p> 
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    <p lang="en" dir="ltr">My father bought over a million XRP in April of 2014 from Justcoin at about a half penny per XRP.</p>— David "JoelKatz" Schwartz (@JoelKatz) October 3, 2023 
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 <p>At its peak in January 2018, the one million tokens would have been worth around $3.4 million. This would translate to a growth of around 67,900%. Schwartz did not reveal if his father made profits at the token’s peak, or if he decided to sell. Given that his son is the CTO at Ripple, there is a chance that the investor decided to hold on. </p> 
 <h3 class="wp-block-heading" id="h-can-you-still-be-a-millionaire-with-xrp">Can you still be a millionaire with XRP?</h3> 
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    Source: Twitter 
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 <p>XRP saw a massive boom after a US court decided that it was not a security in the SEC v. Ripple lawsuit. The partial victory for Ripple was a milestone for the crypto community. </p> 
 <p>Earlier in September, crypto analyst Sharon Throp predicted that the token could go upwards of $500 in the future. According to Throp, the value of cross-border payments might reach $250 trillion by 2027. She also believes that increasing the liquidity of the token could turn it into a seamless cross-border payment currency. </p> 
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    <p lang="en" dir="ltr">From the 2023 New Value Report by #Ripple<br><br>$250T is expected by 2027 just in cross-border payments! <br><br>A $500 XRP price just doesn't seem like enough to facilitate that amount. 😉 $<a rel="noopener noreferrer nofollow" title="xrp" href="https://thebittimes.com/tag/xrp.html">xrp</a> #<a rel="noopener noreferrer nofollow" title="xrp" href="https://thebittimes.com/tag/xrp.html">xrp</a>isnotasecurity pic.twitter.com/HvIIp0vIiD</p>— Shannon Thorp (@thorpshannon87) September 11, 2023 
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 <p><strong>Also Read: XRP: Japanese Study Finds Relation in Price and Transactions</strong></p> 
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 <p>If XRP does reach $500, it would translate to a growth of about <strong>&nbsp;</strong>97,747.36%. To be a millionaire with the token trading at $500, an investor would need about 2000 tokens. The price of 2000 tokens at current rates is about $1022. At press time, XRP was trading at $0.511, down by 2.4% in the last 24 hours. </p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-trader-invested-at-0-005-in-2014-here-s-its-worth-now-tbt64921.html">https://thebittimes.com/xrp-trader-invested-at-0-005-in-2014-here-s-its-worth-now-tbt64921.html</a></p>

XRP Trader Invested at $0.005 in 2014, Here's Its Worth Now

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