Andy Schectman, President and founder of Miles Franklin Precious Metals, has revealed he personally holds $XRP.
He describes the asset as part of the speculative “top layer” of his long-standing investment strategy.
In an interview, Schectman expressed a cautious yet open-minded stance on $XRP. He noted that while he does not fully understand its long-term outcome, he believes in it enough to allocate capital.
“I believed in it enough to own a little bit… it’s done fairly well,” he explained, adding that the asset remains intriguing despite the uncertainties surrounding its adoption.
Key Points
- Schectman confirms he holds $XRP, placing it in the top 10% of his high-risk, high-reward investment strategy.
- He views $XRP as a speculative bet, allocating only a small portion despite its strong performance so far.
- His pyramid model prioritizes wealth preservation first, with crypto like $XRP reserved for potential outsized gains.
- Schectman says $XRP’s future depends on bank adoption, while cautioning investors against overexposure.
$XRP as a Speculative Bet in a Pyramid Strategy
Schectman outlined his investment philosophy using a pyramid structure, an approach he says he adopted from Swiss financial principles.
At the base sit low-risk wealth-preservation assets like real estate, physical gold, and cash, which make up roughly 60% of holdings. The middle layer, about 30%, includes income-generating investments such as bonds and dividend-paying stocks.
At the top 10%, where Schectman places $XRP, are high-risk, high-reward plays like cryptocurrencies and mining stocks.
According to him, this top layer is where investors can generate outsized returns, even though it carries the highest uncertainty.
He emphasized that gains from this segment can sometimes outweigh the performance of the remaining 90% of the portfolio, but warned against overexposure.
Institutional Adoption Remains Key
Schectman suggested that $XRP’s long-term success hinges largely on whether banks and financial institutions adopt it.
“If it’s going to take, it’s going to be because the banks embrace it,” he noted, reinforcing a popular view in the $XRP community.
Despite his allocation, he admitted that digital assets still make him uneasy. In particular, he describes them as speculative and unfamiliar compared to traditional stores of value like gold.
Consistent Yet Cautious Bull Case
Meanwhile, this is not the first time Schectman has expressed optimism about $XRP. In earlier commentary with Versan Aljarrah of Black Swan Capitalist, he described $XRP as a potential pathway to significant wealth, even for investors with modest capital.
However, his latest remarks strike a more balanced tone, highlighting the opportunity and the risk.
By placing $XRP in the top 10% of his investment pyramid, Schectman effectively frames it as a calculated gamble that could deliver outsized gains, but should remain a small portion of a well-structured portfolio.
