Hereās How US Government Could Trigger XRP to $10,000 with TBILL Purchases
An XRP community pundit has shared how the U.S. government could trigger a surge in XRP price to five digits using TBILL purchases.
Follow TheCryptoBasic
This theory was disclosed by market commentator Vincent Van Code, who cited an analysis from AI chatbot ChatGPT to suggest that the U.S. government could catapult XRP to $10,000 per token by purchasing Rippleās escrow stash using Treasury Bills (T-Bills).Ā
US Government Procuring XRP for $10,000
Leveraging ChatGPTās analysis, Van Code highlighted a scenario where the U.S. Treasury or a financial titan like the Federal Reserve negotiates directly with Ripple to acquire its escrowed XRP at a fixed price of $10,000 per token. For context, Ripple currently has 38.1 billion XRP in escrow.
Rather than shelling out cash, the United States would issue T-Billsāessentially IOUs backed by the government. Ripple could then hold these T-Bills as reserves, use them as collateral, or sell them for liquidity.Ā
Van Code argued that once the U.S. locks in this price, it will set a global benchmark. Essentially, other nations and institutions would need to align with this valuation or risk exclusion from an XRP-dominated financial scene, especially if heavyweights like the IMF or Federal Reserve endorse it as a reserve asset.
Why would the U.S. pursue such a move? Van Code suggests three motives. First, it counters potential market manipulation by nations like China. Notably, with XRP pegged at $10,000, even a massive dump couldnāt tank its value below that threshold, safeguarding the system from financial warfare.Ā
Second, it bolsters the U.S. dollarās influence during a transition to a post-dollar era. Particularly, by controlling XRPās valuation, the U.S. maintains leverage over global settlements while T-Bills retain value in a USD-linked ecosystem.Ā
Third, it sets the groundwork for a blockchain-driven economy, with XRP enabling instant settlements and tokenized assets at a staggering $1 quadrillion market capābased on its 100 billion token supply.
Could This Happen?
Could this happen? Van Code believes itās plausible if the U.S. wishes to dominate blockchain finance. According to him, a coordinated push from the IMF and Federal Reserve could force global adoption, leaving other countries little choice but to jump on board.Ā
Notably, this could turn XRP holders tomultimillionaires overnight. However, governments might impose regulations, pushing retail investors toward central bank digital currencies (CBDCs), while banks and corporations race to secure their own XRP reserves.Ā
If executed, Van Code sees this as the most monumental financial shift in history, with XRP potentially supplanting the U.S. dollar as the worldās reserve asset.
In a follow-up statement, Van Code reiterated the theory, asserting that the odds of XRP hitting $10,000 have soared in just days. He argued that a simple T-Bill swap for Rippleās escrow could instantly establish this price, bypassing market-driven growth.Ā
The XRP to $10,000 Dream
Interestingly, it is important to note that other XRP community voices have also echoed this $10,000 dream, but doubts abound.Ā
For instance, community pundit Ripple Queen claimed last month that this price isnāt far-fetched but a realistic target. She urged investors to position themselves now for what she calls a historic opportunity.Ā
Similarly, Zach Rector, reacting to the U.S. governmentās recent announcement of XRPās inclusion in the U.S. Crypto Stockpile reserve, playfully rekindles the $10,000 conversation, hinting at its growing plausibility.Ā
Yet, not everyone buys in. Critics argue this valuation stretches beyond reason, predicting it wonāt materialize without decades of organic growthāor at all, given the economic upheaval it could unleash. Also, Van Codeās TBILL idea might not see the light of day.Ā
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect LACHAKARI opinion. Readers are encouraged to do thorough research before making any investment decisions. LACHAKARI is not responsible for any financial losses.
$XRP
#xrp #TexasBTCReserveBill #TrumpāsExecutiveOrder #WhiteHouseCryptoSummit #TrumpCongressSpeech