XRP’s Potential Role in US Strategic Crypto Reserve Sparks Debate
- Joshua Dalton suggests XRP could make holders millionaires if used in a US crypto reserve.
- Dalton calculates an XRP price of $883 is needed to offset about $30 trillion of the US national debt.
- Current XRP price is around $1.91, requiring a rise of over 46,000% to reach Dalton’s target.
- Bitcoin would need to hit $30 million per coin for a similar debt-offset scenario.
- Ripple’s escrow holds approximately 34.4 billion XRP, but legal and market barriers exist for government acquisition.
Dalton’s proposal has stirred discussions on the feasibility of using XRP as part of a strategic crypto reserve to address national debt challenges, highlighting significant potential gains for token holders if implemented.
XRP’s current trading value and Ripple’s private control over its escrow present substantial hurdles, making the realization of such scenarios complex and uncertain. (Source)
