š The $XRP ā $10,000 Thesis: Ambitiousābut Does It Hold Up?
š How It Works
Advocates like Pumpius envision XRP soaring to $10,000 by:
Capturing 10% of global FX volume (~$7.5 trillion/day)
Handling tokenized **real-world assets (RWAs)**
Settling 5% of global debt transactions
Leveraging ultra-high transaction velocityāreusing each XRP token thousands of times daily
š Market Cap Reality
At $10,000 with 100 billion XRP, the implied market cap ā ~$1 QUADRILLION.
That dwarfs global GDP (~$105āÆT), global stocks, real estate, and global fiat combined .
Critics argue such valuations are simply unrealistic given current global liquidity .
š§ The Velocity Argument
Proponents counter:
Market cap ā actual cash neededāitās just price Ć supply.
With high turnover, the same token supports multiple transactions, reducing required supply.
XRP functions as a utility settlement token, not a āstore-of-valueā like gold or BTC .
ā ļø Major Roadblocks
1. Adoption: XRP would need near-global usage by banks, governments, and infrastructure providers.
2. Regulation & Competition: CBDC rollouts might sideline XRPās bridge role.
3. Current scale: Ripple adoption is growing but still far from handling trillions daily .
šÆ Takeaway
Mathematically possible? Yesābut only if XRP becomes the backbone of global finance.
Likely? Extremely improbable under today's reality.
Still, the thesis shines light on XRPās ambitionsāto become infrastructure for settlement and liquidity, not just speculation.
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ā TL;DR
Bold proposition: $10K XRP backed by velocityādriven utility logic.
Would require: Trillions in daily volume, institutional buy-in, rare global adoption.
Explained: This isnāt hypeāitās a thought experiment on reimagining XRP as global plumbing.
Bottom line: Unlikelyābut a valuable lens for understanding XRPās long-term vision.
Let me know if you'd like a breakdown of the assumptions, velocity models, or risks driving this thesis further!