BlackRock Inc entered into a partnership with COINBASE Global Inc in a bid to provide digital asset exposure to its users. However, an expert suggests that this deal is a win-win situation for Ripple’s XRP token.
XRP to reach $32 by 2030?
As per WrathofKahneman, BlackRock joining forces with Coinbase will bring a huge amount of money to the crypto market. He mentioned that Robert Mitchnick is the head of Blackrock’s Digital Asset division. Mitchnick is one of the 2 authors of the XRP model from 2017.
Kahneman highlighted that BlackRock hired Ripple Executive back in 2019 to lead the division of its digital assets. In 2018, Susan Athey a Stanford professor, and Mitchnick published a paper on the value of Bitcoin and XRP tokens. However, Athey is now a Ripple Board member.
He added that the 2018 valuations paper highlighted that If XRP proves to be successful then it would value between $6.37 to $32.91.
Interestingly, one of the authors is working with Coinbase while the other is on Ripple’s board. Meanwhile, Coinbase delisted XRP over the legal tussle between Ripple and SEC.