Is XRP on the Edge of Becoming a Global Reserve Currency? Ripple CTO Unveils the answer!

The post Is XRP on the Edge of Becoming a Global Reserve Currency? Ripple CTO Unveils the answer! appeared first on Coinpedia Fintech News

What if XRP could not only appreciate considerably in price but potentially become a world reserve currency? The US Dollar cannot be the reserve currency for a longer time in the future. There is a high probability that XRP can take that position. 

David Schwartz, Ripple Labs’ CTO, has given fuel to the speculative fire. In a recent X Space, he let slip that XRP could be elevated to the status of a world reserve currency. For context, reserve currencies are stored in bulk by governments and wield unparalleled influence in global trade. This paradigm shift could turn many XRP holders into millionaires.

The Reality of an XRP Rich List

The tweet goes further, delving into what the so-called “XRP Rich List” would look like if these prophetic suggestions come true. According to this analysis, mere double-digit prices for XRP won’t suffice. We’re talking $50, $100, or even higher for the average XRP holder to ascend to millionaire status. The numbers are dizzying but grounded in cold, hard data.

Now, let’s address the naysayers who often dominate the crypto discourse. According to the tweet, these are people who spread Fear, Uncertainty, and Doubt (FUD) while secretly accumulating more XRP for themselves. The argument is simple: not everyone has your best interests at heart. 

So, if you’ve diversified your crypto portfolio and hold other coins, you might want to keep an extra-close eye on your XRP investments.

As we’ve seen time and time again, the crypto space is rife with speculation, and yes, a fair amount of FUD. But if this tweet and David Schwartz’s comments are anything to go by, the future might just be shining extra bright for XRP. While it’s crucial to perform your due diligence and consider the risks, one thing is for sure: the XRP is here to stay and grow!