thecryptobasic.com
Edoardo Farina, CEO of Alpha Lions Academy, and Versan Aljarrah, Black Swan Capitalist founder, lay out their arguments about why they deeply believe a $10,000 price point is realistic or “inevitable” for XRP.
Farina and Aljarrah weighed in on the speculative subject in a recent podcast shared on their social media handles.
The road to $10,000 $XRP: Dissolving Global Debt and the IMF’s role.
A higher priced $XRP is a better vehicle for payments. pic.twitter.com/9atcwZmp5J
— EDO FARINA 🅧 XRP (@edward_farina) May 16, 2024
Central Banks and IMF “Setting XRP Price” Like IPO
Aljarrah’s perspective stemmed from the speculative view that central banks and major financial institutions like the IMF would be the ones to “set” the price of XRP. He likened it to the scenario that plays out when companies attempt to go public, wherein they set higher initial prices for their stock.
Essentially, he asserted that these prominent institutions “will set” a high initial price for XRP, similar to setting an IPO price. According to the community pundit, this is to ensure its functionality as a settlement mechanism for large transactions.
Aljarrah believes XRP’s unique technology and increasing adoption will drive its liquidity value even higher. He argued that XRP has to attain expensive targets like $10,000 for it to become well-suited and more universally accepted for settlement transactions.
XRP at $10,000 “Is Realistic”
Similarly, Edoardo Farina asserted that the $10,000 outlook for XRP is realistic due to its underlying technology and the crypto market’s early stage. He pointed out that the crypto market is around $2.3 trillion, so there is plenty of room for expansion in the next five years.
Furthermore, Farina argued that XRP is a superior payment vehicle and has prospects for tokenizing assets like gold, real estate, and luxury goods.
Combining the growth of cross-border payments and tokenization, he sees a future where XRP plays a crucial role in the financial system, leading to a significant increase in its price.
Besides, Farina drew parallels with Bitcoin’s ascent from $500 to $10,000 over the years and now $73K. He claimed the premier asset attained lofty highs purely based on speculation without utility beyond the store of value.
Considering XRP has utilities crucial to global finance, the community commentator conveyed confidence in the $10,000 target. In his words:
“People sometimes think it’s impossible. It sounds unrealistic at first, but [not] when you fully understand the technology. In my opinion, that’s inevitable.”
What XRP at $10,000 Mean
Presently, XRP trades at $0.5181, and the highest price it publicly traded was $3.84 in early 2018. Notably, XRP’s present value needs to grow by 1,930,029% to potentially worth $10,000. Such a surge would place XRP’s market capitalization at an extraordinary $999 trillion.
The sheer scale of this market cap under a $10,000 XRP scenario leads many to dismiss the idea as implausible. If XRP alone were to be valued at $999 trillion, it raises questions about the potential market caps of Bitcoin and the broader cryptocurrency market.
For context, the world’s wealth is around $454 trillion and is projected to reach only $629 trillion by 2027.