In a recent statement, Jake Claver, the CEO of Digital Ascension Group, has issued a crucial warning to holders of XRP. He pointed out that while many investors anticipate a significant price surge, few are adequately equipped to handle the challenges that may arise once profits materialize.
Claver emphasized that common issues such as tax liabilities, frozen accounts, and security threats often catch investors off guard. He noted that his firm specializes in assisting crypto holders not only in wealth accumulation but also in maintaining it. “Planning ahead of time is far more effective than scrambling to react when XRP begins a significant rally,” he stated.
Strategic Preparation for Liquidity
Claver outlined a four-stage approach to help investors navigate the complexities of crypto wealth management. The first stage involves establishing the right structures before any price movement occurs. This includes setting up trusts and LLCs tailored for digital assets, alongside creating appropriate tax and security frameworks. According to him, delaying these preparations until after a price breakout can lead to costly mistakes.
Leveraging XRP for Income Generation
In the second phase, Claver suggested a strategy for turning crypto holdings into income without incurring heavy tax penalties. Instead of selling XRP outright, he recommends using it as collateral for loans. This method allows investors to gain liquidity while still benefiting from potential price appreciation. He believes this tactic is frequently overlooked by retail investors focused solely on immediate gains.
Establishing a Digital Family Office
As portfolios grow, particularly those surpassing $20 million, Claver highlighted the necessity of formal management through a digital family office. At this stage, investors should implement governance rules, succession planning, and a family constitution to ensure long-term wealth preservation. He argued that structured planning is essential to avoid pitfalls associated with informal management.
Preparing Future Generations
Claver further pointed out a staggering statistic: most inherited wealth dissipates within two generations, not due to poor investment choices, but as a result of inadequate planning and a lack of education among heirs. He stressed the importance of preparing heirs before wealth is passed down, ensuring that potential profits from XRP can become lasting generational assets.
Digital Ascension Group promotes a comprehensive system that addresses legal, tax, security, and generational planning tailored for cryptocurrency holders. Claver warned that fragmented advice can create dangerous gaps, where a single oversight could cost investors millions. His firm collaborates exclusively with vetted professionals and qualified custodians, claiming to have safeguarded “hundreds of millions” in client crypto assets through strategic planning.
Ultimately, Claver”s message resonates strongly within the XRP community: while significant gains are achievable, the absence of proper preparation can result in the loss of long-term wealth. What holders establish today will determine whether future profits from XRP become transformative or merely transient.
