Jake Claver claims XRP could hit $10,000 within two years.
He argues that higher prices enable more efficient large-scale transactions.
He supports his case using Ripple CTO David Schwartz’s logic that fewer tokens are needed to move money as XRP’s value rises.
Jake Claver, Managing Director at Digital Ascension Group, has boldly suggested XRP could soar to an eye-watering $10,000 per coin sooner than many expect.
In a social media post, Claver shared a video outlining why XRP would need to reach such a valuation to efficiently support large institutional money transfers. According to Claver, the higher the price of XRP, the fewer tokens are needed to facilitate large-volume transactions on its network.
He referenced a well-known analogy from Ripple’s Chief Technology Officer, David Schwartz. Schwartz explained that transferring $1 million in value at an XRP price of $1 would require 1 million tokens. But if XRP were priced at $10, only 100,000 tokens would be necessary. In a more extreme example, a $1 million XRP valuation would mean a single token could handle a $1 million transfer.
Claver emphasized that as XRP’s price increases, so does the netw…
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