The Future of XRP - and Why You Need To Know About It
This is probably the biggest fight for our future in the crypto space.
Forget bitcoin forks, Bcash and B satoshi's vision. That was a nothin-burger.
Forget dogecoin and ShibaInu
The biggest fight for our survival is bitcoin vs Ripple.
(actually, it will probably be a nothin-burger as well)
XRP what is it really?
XRP is one of the most mysterious and "abused" coins on the CoinMarketCap.
Like, except for Veratasium, why did the SEC go after XRP? Why did Ripple decide to fight the SEC in court? Then, after Ripple lawyers wiped the floor with the SEC, why does the SEC continue to hound them?
Ripple has made many contracts and agreements with countries and their central banks all around the world. It looks like they are building CBDCs for central banks, and XRP is going to be the token to transfer funds in between them.
The Central bank of central banks just announced XRP as a stable coin. Meaning, that banks can now hold it on their balance sheets. (this does not mean it has to stay tied to the dollar, or anything like that)
So, when Ripple is ready, they will probably convert a great deal of the Earth's banks to using them as the new SWIFT system.
And, that thing the SEC did? Well, at first it scared off all the speculators. Made it hard for the common American crypto investor to buy it. And at the end of the lawsuit, it looks like XRP will be the only coin that will have a full ruling about what it is. In The US, it will have legal status that no other crypto has.
bitcoin what is it really?
Bitcoin has the first mover advantage. It is slow, sluggish, sometimes really high transaction costs, but it is the big guy on the block. It has the most tested code. It is accepted as the top crypto by almost everybody. It is the thing every other crypto is compared to.
It now has ETFs (off track betting) which are gobbling up all the bitcoin they can get their hands on.
If the future is owning bitcoin and then just borrowing against it, we will have a huge problem as the rich elite buy it all up over time. However, bitcoin is real money, and so, at some time, people will demand bitcoin as payment, and not a loan/fiat. And so, the rich elite will have to spend it into the system. And even if they don't, then that just makes the rest of bitcoin more valuable.
And if the rich elite truly lock bitcoin up somehow, we can always fork it.
As every other coin tried to work out how to handle more transactions faster, bitcoin has become the worlds best store of value. Slow and sluggish is perfect for this.
XRP's future, and why you want to care about it
XRP can be said to be the devils coin. It is being created as a backing for central banks. Go look at the LONG list of central bank partnerships with Ripple. If Doge had anything like this, it would $100 per coin. We saw what happened to Doge when Elon just talked about including it on Twitter. However, XRP, with similar news every week hasn't moved.
It looks like someone is firmly suppressing the price. and/or that XRP was dropped by most American exchanges because of the SEC lawsuit is keeping people from trading it, or wanting to trade it. Or everyone is waiting for the above $10 price they were promised so long ago.
XRP also appears to be trading itself between central banks, in a completely separate system. We have tokens inside and outside the system, so to say. Imagine that XRP is being traded at $1000 a coin inside the banks, and only 60¢ outside.
So, what happens when Ripple turns on the XRP bank interchange system? Well, XRP will skyrocket. The only actual God-candle i anticipate. There is one big problem. I do not foresee XRP being a long term hold. Something goes wrong. Like, all those tokes "outside the system" are not considered equivalent to the ones inside. So, the price goes up, and then goes to zero.
Or maybe the central banks around the world start falling over. As people realize how bad they are. Making money out of thin air. "End the Fed" will no longer just be a slogan. In this way, XRP can really become valueless overnight.
I believe that XRP will be one of the biggest money makers in history, with the smallest downside (look at all those banks already signed up), but, i also believe that XRP will not be around for long. Because once the banksters get their mitts on it, they will want to horde it all themselves and do shady games to get it all themselves, which means, it become valueless to the average person.
Of course my timeline is always, since i see it coming, it must be here by next week. (how long can a train crash take???!!!)
I also believe we will see 20¢ XRP when all the markets crash soon. And then it is up and up and up, way up.
And when it goes way up, be sure to have a plan of getting out.
Trade your gains into homestead property, tools and if possible (it may not be) some bitcoin.
And that is the big problem with this future. XRP may go from $1 to $1000, even $10,000
(and then to $0)
But, bitcoin may go from $100,000 to $1,000,000 to you can't buy it.
(guys in trenchcoats, standing on street corners saying, "psst, hey, you want to buy some satoshis?)