Crypto Expert Argues XRP’s $10,000 Valuation Plausible for Institutional Use

An expert has addressed the potential for XRP to reach a price of $10,000. He argues that traditional valuation methods are inadequate for XRP due to its unique role in institutional flows. Key points include:

Different Valuation Framework: XRP should not be compared with retail-driven cryptocurrencies like Bitcoin. Its settlement volume is significantly higher.
Institutional Use Case: XRP is designed for large-scale institutional settlements rather than speculative trading.
Efficiency via Higher Prices: A higher token price increases transaction efficiency, reducing the number of tokens needed and speeding up transactions.
Global Financial Role: The expert links XRP's potential price to its intended use in global finance rather than market capitalization.

XRP's Role in Global Banking

Drew highlighted ongoing collaboration between Japan and South Korea on blockchain infrastructure, hinting at a significant future role for Ripple and XRP. This includes partnerships with major financial institutions like SBI Holdings in Japan and notable investments from South Korea.

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