XRP / Ripple has not gotten much love recently.
Its price is still floundering around 60¢ while bitcoin is setting all time highs.
But, what if…
Exactly, what are the "ifs" that would cause a flippening as promised so long ago.
And why hasn't XRP moved much when we get almost weekly reports that Ripple signed in agreement with yet another nations bank? To set up CBDCs, or to set up bridging between different nation's currencies.
The SEC is still trying to force Ripple to give into their extortion schemes, but Ripples lawyers are having a field day with the SEC. But, the lawsuit is still dragging on. And when it is finally over, Ripple will be the only crypto that is "approved" by the SEC.
So, will bitcoin leave XRP sitting their smelling its rocket exhaust?
Or will XRP suddenly leap to 10s, 100s or $1000? and pass bitcoin's marketcap?
What is happening to bitcoin?
All of us here has been waiting for adoption.
To spend bitcoin, steem, ripple, litecoin… anything, any block chain token at the store.
Now that bitcoin has finally broken its previous ATH, what is bitcoin now?
It is not becoming a spendable token. Sure there is lightning network, but a jump in transaction fees could leave your satoshis stranded forever. Many bitcoin maxis see nothing wrong with this. That more programming will fix everything. No need to worry.
Then bitcoin has gotten ETFs, and they seem to be gobbling up all the liquid bitcoin. And in so doing, has me wondering why is the price still this low? Something is happening that i do not know about. Probably BlackRock manipulating prices, as they are wont to do.
Imho, what bitcoin has become is the most secure/perfect collateral.
Just look at it. 10 minutes to transfer? 1 MB block size. These are great, if what you want is something that is very stable and slow moving. You know, like an asset you could use as collateral, should be.
And as such, it may become the unit everything is priced in, although it is never, itself, used.
But, what about all the layer 2 / 3 applications?
Well, i am fairly sure they will become too expensive to use.
As food / haircut / coffee will probably be priced in micro-satoshis or nano-satoshis
So, we are talking a lightning network secured with a dozen satoshis, if they are still used for such low level cash movements.
What is Ripple up to?
One thing that shows very obviously when peering into the future is that
the SWIFT system goes down, or is abandoned.
The BRICS nations are working on subverting this system. Russia supposedly has their own system already working.
BUT everyone else, is contracting with Ripple to provide currency interchange to their banks and/or CBDCs (at this point an in between bank transfers)
When the SWIFT system goes down, Ripple is going to be huge. Or it could be that Ripple just replaces the SWIFT system, openly or covertly. (SWIFT people could come saying, please help us, our 30-50 yo program is failing) Or it could be that each bank just adds XRP to their services, and viola, when it goes over 50%, it is the defacto standard.
Can XRP really surpass bitcoin's market cap?
Well, XRP has one serious advantage. A 54 billion circulating supply. (compared to bitcoin's 21 million). So, XRP only has to get to 1/2000th of bitcoin's price to flip.
XRP only has to go to $34 right now. And that is very doable if Ripple actually start doing some of the things that it has been saying it will be doing.
But really, XRP will probably got to $10 while bitcoin goes to $100,000
after that, bitcoin will go into the stratosphere become unobtainium, while XRP starts becoming a real global bank currency.
And this is the big problem with XRP. It is a bank crypto. The banksters are all up in this coin.
So, remember, the banksters are going to collapse and implode. And thus, XRP will probably not be a good long term hold.
However, waiting for it to pop, and then selling out, may be the best thing you do for your retirement bags. Take the bankster's money and then use it to by a homestead.
Of course, you may want to keep some XRP as it may be the most convenient way to buy/sell.
However, i feel that at some point you will not be able to leave the Ripple system.
This is just a feeling, however many, many people have stated, about this, "Don't get greedy"