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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Crypto Bombshell: Developer Claims XRP Could Hit $20,000

Christian Encila
Christian Encila
1 month ago
3 mins read
XRP

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A new wave of debate is sweeping through crypto circles as some analysts suggest XRP could someday trade at $20,000 per coin. The price today sits near $2. That means a 10,000× jump from current levels.

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According to reports, the idea first took shape in 2022, when game developer and XRP backer Chad Steingraber laid out a plan that leaned on big banks and tokenized assets.

Now, that bold forecast has resurfaced on social platform X, sparking fresh talk about where this digital token might head next.

“The Chad Steingraber Theory” – The Road to a $20K #XRP
A Thread🧵from The Future…

I’m going to tell you a story and I’ll spin it so that all you need is an interest to learn what’s in store for all of us.

Grab a drink, grab a snack and let’s take a ride, shall we?

— Chad Steingraber (@ChadSteingraber) August 18, 2022

Rise Of Tokenized Assets

According to Steingraber, the first step involves issuing stablecoins and central bank digital currencies on the XRP Ledger.

Every time a new token launches there, it would need XRP to settle transactions. That could push up daily demand.

Today, only a handful of tokens sit on the XRP chain, but he sees that growing into the hundreds. If even 100 new coins adopt XRP settlements, demand could climb by billions of dollars each year.

It consists of three components:

1 – Assets built on the XRP Ledger (Stablecoins are the “utility”)
2 – XRP becomes a reserve asset to power the utility
3 – XRP is removed from public supply by institutions

This is how IT WILL. 😉 https://t.co/d7ysY5euXc

— Chad Steingraber (@ChadSteingraber) June 28, 2025

Banks Holding XRP As Gold

Based on reports, the second driver is banks treating XRP like a reserve asset. Instead of just trading it on public exchanges, financial firms would stash XRP in private ledgers to back their own digital currencies.

He points to “many institutions” that have already floated plans to include XRP in their reserve piles. If each of those firms holds hundreds of millions of dollars in XRP, it could remove a large chunk of supply from open markets.

XRPUSD currently trading at $2.18. Chart: TradingView

Institutional Absorption Of Supply

Here’s where the math gets eye‑popping. XRP’s total supply is capped at 100 billion. But Steingraber says roughly 20 billion tokens remain in public hands after accounting for locks, burns, and lost keys.

If big institutions lock away most of that, circulation could shrink to under 100 million. That would set the stage for a classic supply shock. He even predicts prices could surge from cents to thousands of dollars within hours once companies dive in.

Regulatory And Competition Hurdles

Despite the excitement, there are clear roadblocks. XRP is still fighting the US Securities and Exchange Commission in court. A final loss could stall deals or scare off banks. At the same time, rival chains like Ethereum and Solana also host tokenized assets.

Those networks already see billions in daily volume. XRP would need to prove it offers something stronger or faster to win over big players.

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A Long Shot With Big Ifs

This forecast hinges on three big “ifs”: strong tokenization growth, banks stacking XRP as reserves, and a real supply squeeze on public markets.

If any one of those doesn’t materialize, the $20,000 mark drifts further away. Still, it makes for a gripping story. For now, XRP traders will watch legal filings and ledger activity with fresh eyes, wondering if this bold theory has any chance of coming true.

Featured image from Pixabay, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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