Triblu founder Joshua Dalton predicts that XRP holders could become billionaires, billionaires, and even trillionaires.
The backdrop for his prediction is the potential use of cryptocurrencies as a strategic preparation to deal with the US national debt.
In January, President Donald Trump signed an executive order regarding virtual currencies. This order establishes a national Bitcoin reserve. However, a national stockpile of altcoins has also been created.
This has led to speculation that assets such as XRP, Cardano, and Solana may also play a notable role in the US national cryptocurrency reserve.
“XRP has more potential than Bitcoin”
Meanwhile, Dalton caused a ripple in the crypto industry by claiming that XRP is a safer option than Bitcoin for U.S. strategic reserves. He expressed concern about Bitcoin’s anonymous creator, Satoshi Nakamoto, and suggested that its unknown identity could pose a risk, especially when tied to a foreign country like China.
Dalton contrasted it with Ripple and XRP and praised the company’s American origins. He argues that XRP’s ties to the US make it a safer and more reliable option for the US government.
XRP solves US national debt crisis
Dalton suggested that XRP could play a pivotal role in addressing the US national debt, which currently stands at approximately $38 trillion.
Some industry leaders, such as Matthew Siegel, a principal researcher at VanEck, have repeatedly argued that Bitcoin is the best solution to the U.S. government debt. Siegel previously outlined a path for BTC to reduce its $14 trillion deficit in April. Dalton, on the other hand, believes XRP may be a more realistic option.
Meanwhile, Senator Cynthia Lummis proposed acquiring 1 million BTC to offset 80% of the national debt (approximately $30 trillion). For Bitcoin to achieve this, its price would need to reach $30 million per token. This is a 33,607% increase from the current price of $89,000.
However, XRP supporters claim that the US government could tap into Ripple’s escrowed XRP reserves, which hold 34.4 billion tokens. For this amount of XRP to offset 80% of the national debt, the price per token would need to skyrocket to $883. This would require an increase of 46,168% from the current value of $1.91.
The road to becoming an XRP millionaire, billionaire, trillionaire, or quadrillionaire
Dalton believes that if the proposed Strategic Reserve becomes a reality, XRP holders could become billionaires, billionaires, trillionaires, or even trillionaires.
For example, an holder with 10,000 XRP tokens (currently worth about $19,100) could see their portfolio grow to $8.89 million. Specifically, 179,546 wallets hold between 5,000 and 10,000 XRP.
Those with larger assets, such as 1 million XRP, could see their portfolios rise to $889 million, approaching the $1 billion level. Currently, 2,006 addresses hold between 500,000 and 1 million XRP.
To approach trillionaire status, you will need to own over 1 billion XRP. According to XRP Rich List data, only 20 wallets hold between 500 million and 1 billion XRP, and only 6 wallets hold more than 1 billion XRP. Most of these belong to Ripple, its founder, or crypto exchanges with large XRP reserves such as Binance and Uphold.
XRP rich list
Based on current XRP wallet holdings, even if XRP reaches $883, there is no way a single wallet could realistically reach $10 billion status. For that to happen, XRP would need to reach $1 million per coin.
conclusion
Most of Mr. Dalton’s claims are based on assumptions. It is unlikely that the United States will establish a crypto reserve using XRP. Additionally, the government has stated that it will focus on creating a Bitcoin-only strategic reserve. Other cryptocurrencies such as XRP, Cardano, and Solana may only qualify as general crypto assets.
Furthermore, the government cannot simply take over Ripple’s escrowed XRP for reserve purposes. Even if it were to do so, the price of XRP would not automatically rise to $883 to offset the national debt.
Basically, the idea of XRP holders becoming millionaires, billionaires, trillionaires, or even quadri-billionaires is interesting, but in the current scenario that is highly unlikely.
