Tech Entrepreneur: XRP Is an IQ Test and a Lot of People Are Failing

Entrepreneur and financial commentator Mike Alfred (@mikealfred) recently shared an intriguing view on XRP, calling it “an IQ test” and suggesting that many people are failing. His comment attracted a range of responses from the XRP community, highlighting ongoing disagreements about the asset’s value and long-term role.

Alfred’s remarks are not critical of XRP but instead challenge those who dismiss its potential. He suggests that understanding XRP’s function and future value requires discernment, an ability he believes many are lacking. His comment also prompted a variety of reactions, ranging from firm defenses of XRP to criticism of its tokenomics.

Supporters Emphasize XRP’s Future Role

Based on this scenario, he expects the digital asset to reach $10,000, a level many experts have agreed with. This view aligns with broader arguments often made by XRP holders. They believe XRP and the XRP Ledger (XRPL) are positioned to support cross-border transactions at a scale and speed that traditional systems cannot match.

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While some have criticized $10,000 price predictions, it does not take away from the asset’s potential. Those who believe in its true value see it as more than a speculative asset, as they expect it to become an essential part of the future financial infrastructure.

Criticism Targets XRP’s Origins and Management

Although Ripple Chief Technology Officer (CTO) David Schwartz and other experts have repeatedly pushed back against centralization claims and the belief that Ripple controls XRP, many crypto investors still believe the company has full control over the asset.

However, XRP investment faithfuls often meet such criticisms with counterarguments. Those who fail to see its potential may be failing the IQ test, as Alfred suggests.

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