In a surprising twist, Isabella Rosenberg, a renowned Goldman Sachs analyst, has voiced her belief that XRP could emerge as the cornerstone of the global financial system. During a recent interview shared by Black Swan Capitalist, Rosenberg played down Bitcoin’s long-term capabilities, suggesting that it might become a distraction in the evolving financial landscape. Her bold claim positions XRP as a key player in reshaping the future of money.
Rosenberg highlighted that banks are “dragging the US dollar just long enough” to transition into a new financial order, which could consolidate global currencies. In this emerging system, XRP could play a pivotal role, offering a faster and more efficient alternative to traditional banking methods.
Ripple CEO Supports XRP’s Role In The New System
Ripple CEO Brad Garlinghouse has consistently echoed similar sentiments, promoting XRP’s ability to address liquidity challenges for banks. In numerous interviews, Garlinghouse emphasized XRP’s efficiency as a bridge currency, designed to streamline payments and eliminate the need for pre-funding accounts.
In a recent interview, Garlinghouse noted that banks currently hold a staggering $27 trillion in various accounts for settlement purposes—a figure he considers to be an indicator of inefficiency in the global financial ecosystem. He argues that by utilizing XRP, banks could reduce or eliminate the need for these massive cash reserves, making international transfers faster and more cost-effective.
XRP vs. Bitcoin – The Settlement Showdown
Garlinghouse has often compared XRP to Bitcoin, emphasizing XRP’s superior settlement speed. Bitcoin, while widely regarded as a store of value, lacks the transaction speed necessary for real-time payments. XRP, on the other hand, can handle up to 3,400 transactions per second (TPS), translating to 204,000 transactions per minute and a staggering 293 million transactions per day.
According to Alex Cobb, a prominent crypto analyst, these impressive metrics demonstrate XRP’s unmatched potential in handling high-volume transactions. While actual real-world performance of XRP often ranges between 500 and 700 TPS, as noted by Daniel Keller, Chief Technology Officer at Eminence, XRP remains significantly faster than Bitcoin.
XRP’s Future Value – A Gold Standard?
As XRP’s utility in global finance grows, analysts are speculating about its future value. One such analyst, Jack the Rippler, believes that XRP could reach the equivalent value of 1 bar of gold—around $9,365. His argument hinges on Garlinghouse’s assertion that an asset’s long-term value is tied to its utility. With XRP’s increasing adoption and efficiency, Jack the Rippler argues that it is poised to outperform most cryptocurrencies in the market.
Also Read: Crypto Prices Today – BTC Dips Below $58K, XRP Surges 4.5%, QNT Gains 9%
At the time of writing, XRP was trading at $0.55, following a 4.52% surge in the last 24 hours.
As financial systems worldwide prepare for a potential transformation, XRP’s role as a bridge currency is gaining significant attention. With backing from key players like Goldman Sachs analyst Isabella Rosenberg and Ripple CEO Brad Garlinghouse, XRP is increasingly seen as a cornerstone for the future of global finance. While Bitcoin remains dominant, XRP’s speed, efficiency, and growing utility may secure its place at the forefront of the next financial revolution.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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