Sammypk

The $10k theory isn’t about burns. Whoever is saying it can reach that through burns doesn’t understand how xrp works. This will help clarify how it works:
Let’s say $100 billion needs to be moved by banks through the use of xrp. There are 100 billion tokens. That means at $1 they would need to use all 100 billion tokens in existence. Let’s say we factor in available tokens of the circulating supply (not held by retail, banks, institutions, etfs, etps, and ripple etc) now we get a much smaller number. Let’s say 50 billion circ supply goes down to 30 billion. Now that $1 xrp is now $3. Now let’s say banks are moving on the ledger what swift moves in a day which is $5 trillion. This is the milestone many in the community look towards. That $3 token is now $133
JP Morgan facilitates $10 trillion worth of payments per day. Their MC is not $10 trillion. If a token were used to facilitate these payments, and there were 50 billion of these tokens available how much would that token need to be worth to move that amount of money? $200. What about 40B tokens, 30B, 25B, you get the idea. Banks won’t sell any tokens being used for payments, just to buy them back again for payments. So those tokens are just being circulated within the ecosystem, forever shrinking due to burning. The top 5 banks in the US move approx $40T a day. That’s just the US. $50T @ 25B available tokens is $2k a token
Now take tokenization of rwa’s, where real estate is $300 trillion, and the derivatives market is over $1 quadrillion. This is where it gets serious. This is what BlackRock wants, and we all know BR. They want to tokenize and own everything. They weren’t interested in crypto until they understood tokenization. Now they’re all in
BlackRock is partnered with Securitize. Securitize recieved funding from Ripple and coinbase for $13m. Carlos Domingo (ceo and co-founder of securitize) spoke at ripples yearly conference. Paul Atkins (next in-line for SEC chair) is on the advisory board of securitize. BlackRock will get what they want, so will securitize, and I believe Ripple will as well
At the end of the day, no one knows what will happen. I highly doubt ripple will get ALL of the money in the world moving through them. But with the numbers we’re talking about, a 10% market share will easily put xrp well into the hundreds and possibly into the thousands. It comes down to simple math and the movement of money. So yes I agree, the burns alone won’t make xrp $10k