BitBoy Crypto, one of the most popular cryptocurrency influencers on X with over 68,000 followers, has made a stunning reversal on his bullish stance towards XRP. Ben Armstrong, known by his online moniker BitBoy Crypto, recently took to X to express his disillusionment with the digital asset XRP.
In a surprising tweet, Armstrong proclaimed, “$XRP is the biggest scam of all time.” This statement marks a significant departure from his previously ambitious price target of $589 for XRP during the current market cycle.
Acknowledging the need to revise his prediction substantially, Armstrong stated, “I’m starting to think it will not hit $589 this cycle. I’m lowering my prediction by 96% from $589 to $22.” He also clarified that the $589 figure was not his actual prediction but rather a meme circulating within the crypto community.
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Show more +XRP, the cryptocurrency associated with the company Ripple, has been a subject of intense debate and controversy within the crypto sphere. Currently trading at around $0.54 at the time of writing, XRP has faced scrutiny from regulators and skepticism from some members of the crypto community.
Armstrong’s dramatic shift in sentiment towards XRP is noteworthy, given his influential status as a crypto commentator and his ability to sway public opinion. His decision to label XRP as “the biggest scam of all time” and drastically lower his price prediction from $589 to a mere $22 is sure to resonate with his followers and the broader crypto community.
It’s important to note that while Armstrong’s comments carry weight due to his large following, they should be considered his personal opinion and not be taken as financial advice. Investors are encouraged to conduct their own research and due diligence before making any investment decisions.
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