$90 Trillion - global paper and electronic money $70 Trillion - global stock markets $215 Trillion - global debt $215 Trillion - global real estate
Asumming a supply of 100 billion coins, if 1% of these assets moves into XRP, that's a $5.9 Trillion market cap, or $59 per coin. For XRP to hit $1000, 17% of global wealth needs to move into XRP. If the circulating supply of XRP is kept at the current level of 38 billion, only 6.5% of global wealth needs to move into XRP.
Ripple may never release all 100 billion coins into the market. At some point they may "donate" tens of billions of coins to various central banks and then the central banks will use small portions of those reserves to intervene in the markets every few years. They could use XRP as the new global reserve currency for the next 80-100 years until the supply runs out. Then they abandon it in favor of something else.
i think $1 trillion by 2020 is realistic IF banks do start using it
Adam Jenkins
Muh market cap is the reason people didn't buy this the first time and now they are sobbing in their cheerios. It's bullshit fud.
Juan Phillips
>owned by a company >60% in hands of a company >used by banks
Kek
Parker Gonzalez
If banks start using it, then the rest of the Fortune 500 will use it. If the rest of the Fortune 500 use it, then all the smaller companies will use it. If all the smaller companies use it, then practically every man woman and child will use it. Now the $1 Trillion is an easy $10 Trillion, maybe $50 - 100 Trillion.
Carson Morris
Ripple will be $5 next week.
I will bet 5 btc
Julian Flores
Who owns that company? Obviously its the same people who own the banks. The company doesn't just do random stupid things and destroy its own market. The company will do whatever its owners tell it to do, and if the owners say hold back the supply, then that's what it will do. If the owners say donate 50 Billion XRP to the world's central banks, so they can manage the price for the next 80-100 years, then that's what they will do.
Michael Edwards
yeah but its by no means instant probably will take years for it to be properly adopted, if it even is adopted
Lincoln Gray
if it grows at 1.8% per day for the rest of the year, we will see $1000 before 2019
Jaxon Powell
ok ill see you on the moon then my estimates are more conservative
Andrew Ortiz
I Cant stand threads that limit the price of a coin to whatever bullshit number.
Truth is NO ONE here knows what the price will be. No one knew BTC would be 19k, No one Knew ETH would be 800, No one knew LTC would be 370.
Nolan Bennett
>In a precedent-setting moment, Cuallix became the first worldwide institution to use xRapid — Ripple’s solution that utilizes XRP as a liquidity tool — to reduce the cost of sending cross-border payments from the U.S. to Mexico.
and web payments will be powered by Ripple too, pic related. . 2018 will be about utility and Ripple will dethrone Bitcoin.
Noah Robinson
Retard game
Gabriel Perez
Exactly. Ripple has already been used in to move Billions. What so-called "whale" in any other crypto has makes a billion-dollar transaction? The real whales are not millionaires like Ver. They are billionaires and trillionaires and they are already using XRP.
Ripple sells to institutional buyers. This makes it more attractive than other coins where founders and early miners/adopters hodl most of the supply and refuse to sell. They create uncertainty and keep the liquidity law. Businesses don't want to get dumped on.
by the way, the institutional buyers can't dump on the market because of legal and technical constrains.
Aiden White
*low
Matthew Ross
$70 usd value locked into my ripple account, because it requires account minimums
>the currency of the future
Joshua Sanders
also Ripple Labs share is locked in 55 batches, only one batch can be unlocked per month. It would take them 5 years to unlock them all.
Samuel Harris
it's not locked. it's required initially to fund your wallet to prevent/reduce spam.
Owen Scott
...
Adrian Williams
even then everything will probably not be released as the XRP that isnt absorbed by the market each month is put back into escrow
Oliver Davis
They have gradually lowered the wallet reserve requirement as the price of XRP has increased. When it is lowered, excess funds become available.
Robert Lewis
Sweetie, banks aren't going to use the coin, just the block chain.
Ripple is worth 0.
Jayden Hall
Exactly. Or they just quietly sell or give it away to billionaires and large corporations. Only a tiny bit of that 55 billion XRP will ever make it to an exchange.
Benjamin Carter
Those muscled men are stronghands! Weak hands crying like gurls
Henry Ramirez
...
Luis Baker
You do know the sole reason banks exist is to make money and invest what their peons give them to hold for them right? Why would they not buy XRP and not just save on settling costs but also make a buck along the way. It's literally the best of both worlds.
