Valle Capital’s managing director Jimmy Valley has promoted his buyback theory about Ripple’s XRP token, speculating that it could be worth $35,000 when all banks switch to the new standard, the iso 2022, and use XRP. However, Ripple’s former director of developer relations, Matt Hamilton, considers Valley’s claims to be complete fantasy, a scenario that is logically impossible. Hamilton questioned what prevents the government from simply buying the tokens from the market. There is a new wave of discussion about government buyback of XRP tokens amidst the SEC’s prosecution.
The Daily Crypto News
Hey guys what is up it’s dusty here and welcome back to another episode of The Daily crypto news and like I promised you guys yesterday we have to talk about the xrp buyback today there’s a theory that places xrp at 35 000. I am not saying I believe that I’m just saying there’s a theory out there…
Ex-Ripple Employee’s Opinion
A new wave of discussion about government buyback of xrp tokens emerged a few days ago after Valle capital’s managing director Jimmy Valley spoke in an interview discussing what xrp might be worth now if not for the sec’s prosecution. Ripple’s former director of developer relations Matt Hamilton, for example, considers Valle’s claims to be complete fantasy, a scenario that is logically impossible.
Mr. Jimmy Valley has long promoted his buyback theory about xrp and also speculated that the token will be worth thirty-five thousand dollars at some point. He believes that this will happen when all the banks switch to the new standard the iso 2022 and use xrp. Many in the xrp community are rather pessimistic about such assumptions.
He once again suggested that the crypto xrp could be bought back if the regulator is defeated in court. Commenting on the possibility that the buyback would happen to make xrp the new government currency, Hamilton also questioned what prevents the government from simply buying the tokens from the market as a general summary of Valley’s words.
This is a rather interesting discussion as obviously both of these guys well, I’d say they’re pretty bullish on xrp so it’s interesting to see these diverging views where Matt Hamilton has been a developer there, has been extremely loyal to Ripple and xrp he is so completely on the opposite side to say well, whatever you’re stating it doesn’t make any sense…
How likely are all these? Well, we don’t really know. Again the reason I’m saying we don’t really know is that if you tell me xrp is going to thirty thousand dollars I can only look you in the face and say uh-huh sure because, to me, it doesn’t in any way shape or form seem logical. There’s only one scenario in which I see this happening personally, and that is if the dollar just completely loses its value. If the dollar all of a sudden loses 99 of its purchasing power or let’s say 99 point nine percent of its purchasing power then we’re getting close or potentially if we’re talking about the year 2050 where the entire world is just so completely different that we can’t expect…