Joshua Dalton, the founder of Triblu, predicts that XRP holders could become millionaires, billionaires, or even trillionaires.
The context of his prediction is the potential use of crypto as a strategic reserve to address the U.S. national debt.
In January, President Donald Trump signed an executive order on cryptocurrency. The order establishes a national Bitcoin reserve. However, it also created a national stockpile for altcoins.
This has led to speculation that assets like XRP, Cardano, or Solana could also play a notable role in a U.S. national crypto reserve.
“XRP Is More Likely Than Bitcoin”
Meanwhile, Dalton caused a stir in the crypto space by claiming that XRP is a safer choice for a U.S. strategic reserve than Bitcoin. He expressed concern about Bitcoin’s anonymous creator, Satoshi Nakamoto, suggesting that the unknown identity could pose risks, especially if linked to foreign countries like China.
Dalton contrasts this with Ripple and XRP, praising the company’s U.S. origins. He argues that XRP’s American ties make it a more secure and reliable option for the U.S. government.
XRP Solving the U.S. National Debt Crisis
Dalton suggests that XRP could play a pivotal role in addressing the U.S. national debt, which currently stands at approximately $38 trillion.
Some industry leaders, such as VanEck’s lead researcher Matthew Sigel, have repeatedly argued that Bitcoin is the best solution for the U.S. national debt. Sigel once outlined a path for BTC to alleviate $14 trillion from the deficit back in April. Meanwhile, Dalton believes XRP may be a more realistic option.
On the other hand, Senator Cynthia Lummis proposed acquiring 1 million BTC to offset 80% of the national debt, roughly $30 trillion. For Bitcoin to achieve this, its price would need to reach $30 million per token. This is a 33,607% increase from its current price of $89,000.
However, proponents of XRP argue that the U.S. government could potentially use Ripple’s escrowed XRP reserve, which holds 34.4 billion tokens. To offset 80% of the national debt with this amount of XRP, the price per token would need to surge to $883. This requires a 46,168% increase from its current value of $1.91.
The Path to XRP Millionaires, Billionaires, Trillionaires, and Quadrillionaires
Dalton believes XRP holders could become millionaires, billionaires, trillionaires, or even quadrillionaires if the proposed strategic reserve materializes.
For example, a holder with 10,000 XRP tokens (currently worth about $19,100) could see their portfolio rise to $8.89 million. Notably, 179,546 wallets hold between 5,000 and 10,000 XRP.
Those holding larger amounts, like 1 million XRP, could see their portfolios rise to $889 million, nearing the $1 billion mark. Currently, 2,006 addresses hold between 500,000 and 1 million XRP.
Those approaching trillionaire status would need holdings of 1 billion XRP or more. According to XRP Rich List data, only 20 wallets hold 500 million to 1 billion XRP, and only 6 wallets hold more than 1 billion XRP. Most of these belong to Ripple, its founders, or crypto exchanges with large XRP reserves, such as Binance and Uphold.
Based on current XRP wallet holdings, no single wallet could realistically reach quadrillionaire status even if XRP reached $883. For that to happen, XRP would need to reach $1 million per coin.
Conclusion
Dalton’s claims are largely hypothetical. The likelihood of the U.S. establishing a crypto reserve with XRP is slim. Furthermore, the government has indicated that it will focus on creating a strategic reserve for Bitcoin only. Other cryptocurrencies like XRP, Cardano, and Solana may only fall under a general crypto stockpile.
Moreover, the government cannot simply take over Ripple’s escrowed XRP for reserve purposes. Even if it could, this would not automatically drive XRP’s price to $883 to offset the national debt.
Essentially, while the idea of XRP holders becoming millionaires, billionaires, trillionaires, or quadrillionaires is intriguing, it is extremely unlikely under the current scenario.
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.
