The $XRP at $10,000
The $XRP at $10,000 thesis is definitely one of the most ambitious projections circulating in the crypto space, and while it is theoretically interesting, it comes with some important assumptions that need to be broken down realistically:
🔍 Summary of the Main Claim:
• Pumpius proposes that XRP could reach $10,000 by:
• Capturing 10% of the global foreign exchange (FX) volume (~$7.5 trillion/day),
• Managing tokenized real-world assets (RWAs),
• Handling 5% of global debt agreements,
• And achieving a high transaction speed, meaning that the same XRP tokens are frequently reused in quick transactions.
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🧠 Reality Check: Market Capitalization Mathematics
At $10,000 per XRP:
• With a supply of ~100 billion XRP, the market capitalization would be ~$1 quadrillion.
• This exceeds the total value of global GDP (~$105 trillion), global stock markets, real estate, and even all combined fiat currency.
Critics say this is unrealistic. And they have a point — such a valuation would surpass the total liquidity available globally.
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📊 Counterargument from Proponents:
They argue:
• Market capitalization ≠ real money invested — it’s just price × supply.
• Velocity reduces the need for high supply: if XRP is used thousands of times a day, fewer coins are needed for high volume.
• XRP is a utility token — not a store of value like gold or Bitcoin, so its role is transactional, not accumulative.
This is based on the theory of “money velocity,” similar to how fiat currency works in an economy — money that moves faster means that less is needed.
