BlackRock's XRP Forecast: Time Traveler Claims It's Authentic

Resurfaced Video Sparks Discussion: A video shared by crypto commentator Time Traveler claims that Robbie Mitchnick, BlackRock’s head of digital assets, once estimated XRP's price at $32.91, igniting debate within the XRP community.

Origins of the Valuation: The figure comes from a 2018 academic paper co-authored by Mitchnick, which explored the valuation of cryptoassets, including XRP, under theoretical conditions, but was not an official BlackRock forecast.

Misinterpretation of the Prediction: The claim that BlackRock predicted XRP's price is misleading; the valuation was a hypothetical scenario and not an endorsement or forecast from the firm.

Importance of Context in Valuation: The $32.91 figure illustrates the potential upper limit of XRP's value under ideal conditions, emphasizing the need for investors to understand the assumptions behind such models.