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Founder Claims XRP Could Offset US Debt, Faces Legal Challenges
Joshua Dalton, founder of Triblu, suggests that XRP holders could see substantial wealth if the token is used in a US strategic crypto reserve. He argues XRP is more suitable than Bitcoin for this role due to its ties to a US-based company.
Dalton's Proposal
- The US national debt stands at approximately $38 trillion.
- Ripple holds about 34.4 billion XRP in escrow.
- An XRP price near $883 would be needed to offset 80% of the debt.
- Current XRP trades around $1.91, implying a potential rise of over 46,000%.
Comparative Analysis
- Bitcoin would need to reach about $30 million per coin to achieve a similar debt-offset goal.
- This represents a gain of over 33,000% from its current price near $89,000.
Legal and Market Challenges
- US policy currently favors Bitcoin as a reserve, limiting XRP's potential role.
- Ripple’s escrow is privately controlled, requiring legal actions for government acquisition.
- Large-scale selling of XRP on global markets could depress its price.
Potential Wealth Scenarios
- Significant gains for holders: 10,000 XRP could increase from $19,100 to nearly $9 million.
- 179,546 wallets hold between 5,000 and 10,000 XRP.
- Largest reserves are held by Ripple, founders, or exchanges.
Market Reaction and Expert Opinions
- Analysts argue Bitcoin remains the best option for large-scale fiscal use.
- XRP's speculative outlook for 2026 focuses on market demand and regulatory developments.