Can XRP Become a "Wealth-Making Machine" for Investors?

From 1848 to 1855, thousands of people flocked to California during the famous gold rush – California Gold Rush – hoping to get rich. Some succeeded, many others did not. Today, a similar story is unfolding in the crypto world. Many investors are entering the market with hopes of transforming their lives. Among them, XRP (CRYPTO: XRP) is one of the most sought-after cryptocurrencies. So, can XRP become a "millionaire-making machine" or not? What Do You Need to Achieve 1 Million USD? Before answering this question, consider the path to turning a small investment into 1 million USD. Suppose an investor starts with 10,000 USD. To reach the milestone of 1 million USD, this investment needs to increase by 100 times. Currently, the market capitalization of XRP is around 173 billion USD. To increase by 100 times, the market cap of XRP would need to reach 17.3 trillion USD – a colossal figure that no cryptocurrency has achieved, not even Bitcoin, the largest crypto with a market cap of about 2.3 trillion USD. Nevertheless, a 100-fold increase is not something unheard of in the crypto world; Bitcoin has increased more than 485 times in the past 10 years, turning a $10,000 investment into nearly $4.85 million. XRP has also recorded significant increases, although not as impressive as Bitcoin. What Could Make XRP Become a "Millionaire-Making Machine"? The clearest path for XRP to explode is to become a preferred alternative asset for investors, just as Bitcoin has done. The three founders David Schwartz, Jed McCaleb, and Arthur Britto launched the XRP project in 2011 with the goal of creating a "better version of Bitcoin" specifically for payments. They addressed many limitations that Bitcoin faced: Transaction speed: XRP only takes 3-5 seconds to complete a payment, while Bitcoin takes about 500 seconds. Cost: The transaction fee for XRP is only about 0.0002 USD, compared to 0.50 USD for Bitcoin. Sustainability: XRP consumes extremely low energy, much more environmentally friendly compared to Bitcoin. A major turning point could occur if the XRP ETF is approved. The U.S. Securities and Exchange Commission (SEC) is nearing the approval of a (spot ETF) for XRP – which previously helped Bitcoin grow significantly when the Bitcoin ETF was approved. In addition, President Donald Trump recently signed an executive order requiring the Department of Labor to review the regulations restricting investments in alternative assets, including encryption, in 401(k) retirement funds. If implemented, this regulation could open up a new wave of demand for XRP and the crypto world in general. Probability of Success - High or Low? XRP has potential, but that does not mean there is a high chance of turning 10,000 USD into 1 million USD in the next 10-20 years. Technical advantages are not enough: Being superior to Bitcoin in terms of speed, cost, or energy does not guarantee that XRP will experience similar growth as Bitcoin. Many other coins also have technical advantages but still have much lower market capitalization and acceptance rates.Positive regulations may not necessarily lead to price surges: The agreement between Ripple, the company behind XRP, and the SEC to settle the lawsuit regarding whether XRP is a security or not did not create the significant price boost that was expected.XRP is already a "big player" in the market: XRP currently ranks 3rd in market capitalization, just behind Bitcoin and Ethereum. Coins with large market capitalization often find it difficult to generate explosive growth like lesser-known smaller coins. Conclusion XRP can bring significant profits to high-risk investors, especially if the ETF is approved and new regulations expand investment demand. However, the probability of XRP turning 10,000 USD into 1 million USD is quite low in the current context. For investors looking for a "modern treasure" like during the California Gold Rush, XRP may be a potential choice, but it is not a guaranteed ticket to becoming a millionaire.