Chad Steingraber, a distinguished figure in the world of XRP, recently gave a second look to one of his old tweets about XRP from August 2022, later elucidating the possible consequences of the speculated opportunities that could turn into reality. He outlined a hypothesis that presented the possibility of XRP trading at $20,000 and becoming a reserve asset – similar to non-edible assets, such as gold – for banking firms and other institutional liquidity providers. He conceived an idea titled ‘Institutional Grade Liquidity Providers’ which could act as vessels that transport and store transfers of XRP, all while accepting value in the form of other crypto-assets. Steingraber still foresees the chance of banks purchasing an impressive holding of XRP to, in their own way, park money digitally; so when our global economy begins the process of financial liberation by utilizing ETFs, stablecoins and possibly other cryptos for instant pricing settlement via converted investment, banks won’t be able to immediately eradicate and release such assets since the tangible gain from that pales in comparison to the advantages that IGLP themselves can prvoke.
In accordance with this the current alleged process of shunning XRP from public circulation seems to be unravelling faster than some might predict, as the public ‘XRP supply seems to keep reducing on several Exchanges. Ultimately, Chad encourages us to cast a skeptical eye at the gist of the crypto investment business model and with XRP possible future being incredibly unknown, only one plans for vast possible upside scenarios.
