Matthew Perry, a crypto YouTuber with more than 220,000 subscribers, shared a strategy on how he plans to make a minimum of $9 million with XRP.
In the video, Matt expressed his strong belief in XRP, emphasizing that even if others don’t share his vision, he is confident in reaching his goal.
He detailed his plan to achieve significant financial security, contemplating whether he should hold onto his XRP even if it reaches $10 million in value. For him, the primary question is whether he needs the investment side of it if he secures his life for a long time.
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Show more +Matt believes in the long-term potential of XRP, stating that while it might take years and several bull runs to reach his goals, he’s prepared for the journey. He mentioned the possibility of capturing a significant amount of XRP and holding it forever, even though “forever” is a strong word.
His plan revolves around making a minimum of $8.89 million, though he acknowledges that this could be achieved over multiple years and bull runs.
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How the $9 Million Target Could Be Achieved
He then walked his audience through his spreadsheet, explaining how he plans to execute his strategy. When XRP reaches $5, which would equate to a $278 billion market cap, Matt plans to take out $50,000, a figure still under his initial investment but satisfying enough to provide a sense of accomplishment.
As XRP’s value climbs to $7, $8, and eventually $10, he plans to take additional profits, gradually recouping his initial investment and securing some profit.
The YouTuber outlined a step-by-step approach, showing how he intends to take more substantial amounts as XRP reaches higher price points. For instance, at $20, he plans to take $200,000, securing a total of 26,000 XRP coins.
His strategy is designed to ensure that he profits during bullish phases while still holding a significant portion for future gains.
Matt emphasized the importance of taking profits during market highs to prepare for inevitable bear markets. His goal is to feel comfortable holding through market downturns, knowing he has secured enough profits to reinvest later.
The maximum profit potential, according to his calculations, is around $8.89 million, though his realistic expectations sit closer to $4 million.
Matt also shared his love for statistics, numbers, and spreadsheets. He admitted that while plans often change when large sums of money appear in one’s account, he remains committed to his strategy.
He acknowledged the difficulty of holding onto investments when they reach substantial sums, like $500,000 or even $1 million, a challenge he knows will test his resolve as XRP’s value grows.
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