Tesla CEO Elon Musk is rumored to pour billions into Ripple’s XRP. A new post by user CryptoGeek on X has reignited speculation as he suggested that the billionaire entrepreneur is set to invest a staggering $104 billion into XRP. The post even featured a screenshot of a news headline reading: “Elon Musk Joins Ripple Partnership, Injects $104B into XRP.”
Is Elon Musk Buying $104 Billion Worth of XRP?
According to the attached text in the image, the rumored partnership sees Musk recognizing XRP’s strengths. It particularly concerns the crypto’s “efficiency and non-security status.” Furthermore, Musk reportedly emphasizes collaboration with Ripple as a solution to “regulatory issues in the cryptocurrency ecosystem.”
This comes just weeks after an earlier claim, also posted by CryptoGeek, that Musk was preparing to spend $50 billion on XRP. That post, which spread rapidly among the so-called XRPArmy, boldly declared: “Elon Musk offers to buy XRP for $50 billion!! $600.37 per XRP.” The jaw-dropping price target only fueled further frenzy, though it lacked any credible sourcing or confirmation.
Now, the latest rumor suggests an even larger figure: $104 billion. Many believe the motivation could be linked to Musk’s ambitions for X, dubbed “The Everything App,” with speculation that XRP might serve as a core payment mechanism.
However, at the time of writing, it has not received official confirmation by Musk or any of the companies he is associated with or Ripple about such an investment or partnership. Even no major financial outlets or regulatory disclosure supported the claim.Since the crypto sphere can easily be influenced by hype and false information, these posts should be approached with caution.
Also, Musk’s involvement in crypto via Dogecoin (DOGE) has spurred such excitement. Nonetheless, despite the fact that XRP still remains one of the leaders in the sphere of blockchain payments, tying its future to Elon Musk without verification may be premature.
As with many viral crypto rumors, it’s advisable for investors and enthusiasts alike to verify facts before making conclusions. Until there’s confirmation from reliable sources, this $104 billion XRP investment remains purely speculative.
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