#USNationalDebt Could XRP Be the Magic Solution (or Too Good to Be True)?
Imagine this: the US Treasury takes a considerable portion of the XRP deposit, valuing each at $1,000, totaling $36 trillion. Would this be enough to eliminate the national debt? Consider that $9 trillion will be refinanced this year.
If this were to happen, not only would the billion-dollar annual debt service payments be eliminated, but it would also allow for extremely low tax rates and potentially save crucial programs like Social Security and healthcare.
Sounds incredible, right? And perhaps too good to be true. The reality is that Congress would somehow find a way to complicate it, like "sharks in a feeding frenzy."
For the government to value and take XRP at $1,000 would be a purely fiduciary move, just like our current currency. Would it be a financial "magic wand"?
However, let us remember that utility and operational value are the true foundations for the price of $XRP
What do you think? Is it a crazy fantasy or is there a glimpse of possibility in such an unconventional scenario?