Crypto analyst Pumpius presented a bold prediction on how XRP could help address U.S. debt, estimating it at a price of $833 per coin.
XRP and U.S. Debt
According to Pumpius, if XRP reaches $833 per coin, the 42 billion XRP held in escrow would fully cover the $35 trillion U.S. debt. This assumption is based on a simple calculation - dividing the total debt by the number of XRP in escrow.
XRP's Role in Global Financial System
Pumpius points out that XRP has the potential to be used in international financial flows, including debts, trade, and central bank digital currencies. This function allows XRP to serve as a global liquidity solution, distinguishing it from other cryptocurrencies like Bitcoin and Ethereum.
Future of Ripple in a Digital World
Pumpius's analysis also highlights Ripple's potential in providing solutions for digital identity and compliance. This could make XRP a cornerstone for future liquidity solutions in the global financial market.
Price forecasts for XRP remain speculative, but its impact on the global economy could be significant given the growing digitalization of financial systems.
