Software engineer and serial AI startup founder Vincent Van Code has made a bold prediction about XRP and its public sales by 2030.
XRP has a circulating supply of 65.2 billion tokens, according to data from XRPSCan. This means that fewer than 35 billion of the total 100 billion supply remain to be released, with 14.24 million already burned.
Yet, Van Code believes that in the near future, native XRP tokens will no longer be available for direct sale to retail traders. Building on this, he claimed that XRP holders “don’t know what you hold.”
XRP to Become a Wholesale Token
Notably, the software engineer’s context for this audacious assertion follows the choice of ticker for the Bitwise XRP ETF. For context, the prominent asset manager announced yesterday that it would launch the XPR-focused spot product today Thursday, under the ticker “XRP.”
In response, XRP community figure Krippenreiter asked why Bitwise was able to select XRP as the official ticker. Given the similarity with the token itself, he joked that analysts and pundits would now have to write explainers to differentiate the XRPL native token from the ETF product.
However, Van Code had other ideas for this choice of ticker. He claimed this was part of a broader consensus to make the native XRP token a wholesale asset.
The engineer claimed that wholesale settlement, custody, and transfers were the endgame for the native XRP token and the XRP Ledger. He added that when this happens, retailers will access XRP only through the ETF market and other market-maker-style exposures.
Timeline for Institutional Takeover
Notably, his projection suggests an institutional takeover, with large banks, fund managers, and possibly digital asset treasury companies scooping up the asset’s supply. In this narrative, only major market players and a few individual holders who refused to sell now would hold the asset directly.
This builds on the widespread sentiment in the XRP community that institutions would need the asset for cross-border settlements. XRP’s crucial role in capturing this $250 trillion market opportunity is the bedrock for multiple emerging explosive price projections.
Interestingly, he believes it would not be long before institutions take over. Van Code highlighted that the “playbook is just progressing along,” with 15 years as the timeline for this new reality. Specifically, he predicts that the timeline would conclude in 2030, which is less than five years from now.
Meanwhile, an earlier analysis highlighted the impact on XRP’s price if up to 80% of its circulating supply were locked in staking, projecting a possible rally to between $41.67 and $83.33. This suggests that XRP could see much higher prices if the supply shock affects its total supply.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
