This $32.91 XRP Price Model Has an Unexpected BlackRock Connection
Photo: CaptainAltcoin
A $32.91 XRP price target is circulating again after analyst Pumpius pointed to an old valuation model co-authored by Robert Mitchnick, the executive who now leads BlackRock’s digital assets business. At first glance, that sounds like BlackRock itself once predicted XRP at $32.91. That is not what happened. The number comes from a 2018 research paper by Mitchnick and Stanford economist Susan Athey. The study explored valuation frameworks for cryptoassets and included low and high XRP estimates of roughly $6.37 and $32.91 under different assumptions about transaction volume, adoption and token velocity.
Source: CaptainAltcoin
