Crypto Exec Says You Can Have 1,000,000 XRP and Still End Up Broke

Jake Claver, Managing Director at Digital Ascension Group, recently reminded the XRP community that holding a large stash of tokens means little without a clear exit strategy. Recently, there have been persistent calls for investors to accumulate XRP tokens to prepare for "what's coming." Prominent voices, such as Edoardo Farina, have urged investors to hold 10,000 XRP for maximum success. Meanwhile, others like King Vale have claimed that holding 50,000 XRP is the key to becoming wealthy in the near future. However, Claver's latest tweet challenges the idea that arbitrary numbers alone will make holders prosperous. Wealth Without a Plan Is a Trap According to him, holding a massive amount of XRP is meaningless without a well-defined plan. His message emphasized that preparation and strategy, not token count, ultimately determine who succeeds in crypto. He boldly asserted that one could hold 1 million XRP tokens and still end up broke. For context, such a portfolio is worth approximately $3 million today. About eight months ago, it was worth around $500,000. Interestingly, if XRP were to reach $1,000, as some analysts have predicted , a 1 million XRP portfolio would be worth $1 billion. However, Claver’s warning highlights how emotional decisions and poor planning can erode even the most promising portfolios. He emphasized that preparation, not just accumulation, separates winners from losers in the volatile crypto market. Community Reacts Claver’s post drew a wide range of reactions on X. User Stephen Long challenged the idea, questioning whether such advice was a subtle push toward centralized custody solutions. RockaBoom viewed the notion of “having a plan” as just another form of gambling. In response, Claver clarified that his message was about personal responsibility. He stressed that knowing how XRP will generate income or wealth, whether through holding, selling, or reinvesting, is essential. For him, execution is what separates smart investors from reckless holders. https://twitter.com/beyond_broke/status/1945368891426783242 Others echoed Claver’s sentiment. Robinson Guerra noted that many people come into sudden wealth, like lottery winners, only to lose it all without proper financial education. He stressed that strategy, not quantity, is what sustains wealth over time. Janina also weighed in, reminding investors to avoid greed and high-risk moves. She suggested that staying disciplined is key to long-term success in crypto. What XRP Millionaires Should Do, According to an Expert In a previous analysis, crypto veteran Armando Pantoja advised XRP investors on how to successfully handle sudden wealth. He outlined major steps to secure long-term financial stability. The first is "Know Your Freedom Number," which is by calculating the annual income needed for one's ideal lifestyle, then doubling it for a safety margin. Secondly, he advised investors to protect their principal. The focus should be on generating income through interest, dividends, staking, or real estate without touching the original investment. Lastly, Pantoja urged XRP investors to have a written exit strategy, planning when and how to cash out before XRP skyrockets. Notably, Pantoja based this strategy on the hope that XRP would reach $100 , making holders of 10,000 tokens "overnight" millionaires. While exciting, he stresses that wealth without a strategy is fleeting.