#USNationalDebt
If the Treasury took charge of a large part of the XRP deposit, valued at 1000 dollars each, with a total value of 36 trillion dollars... would it pay off the U.S. debt? 9 trillion dollars would be refinanced this year...
And no more annual payments of a trillion dollars for debt servicing… it would allow for very low tax rates… And it would save Social Security and healthcare… But this would be too good to be true… Congress would find a way to ruin it… it would be like watching sharks in a feeding frenzy…
For the government to take XRP and value it at 1k would be a purely fiduciary move. The fiduciary is our currency now. Magic wand?
Utility and operational value are the true foundations for price
