Mainstream TV Discussed XRP Potential In Reducing U.S. Debt

Crypto commentator John Squire (@TheCryptoSquire) recently shared a video highlighting a bold concept: using XRP to address the U.S. national debt.

In the clip, Newsmax anchor Carl Higbie explored the potential of government participation in cryptocurrency markets to generate substantial fiscal returns.

Government Participation in Crypto

Higbie outlined a scenario in which the U.S. government could use a portion of annual tax revenue to purchase XRP, which was trading around $2.50 at the time. He suggested that if the government invested a significant amount, roughly one-fifth of annual tax revenue or about $1 trillion, it could dramatically increase XRP’s market value.

With a total market cap of $144 billion, such a large-scale purchase could multiply the coin’s value, potentially generating trillions in returns.

According to Higbie, this approach could enable the government to use crypto as a tool to support debt reduction and improve fiscal capacity. The plan involves buying a substantial amount of XRP to increase its market value, then using the gains to reduce national debt.

Higbie suggested the process could be repeated in cycles to maximize fiscal outcomes. “Pay off the national debt by Saturday,” he stated, emphasizing the speed at which digital assets could impact government finances compared to traditional instruments.

XRP’s Market Potential

Higbie compared cryptocurrency to traditional fiat systems, noting that the government cannot control crypto like it controls banks or the Federal Reserve.

“The government’s only option to actually have any seat at the table in any type of control over crypto is to participate in it,” he said. Ownership and strategic deployment of crypto assets could strengthen both market adoption and government financial positions.

The discussion highlighted XRP’s unique position as a widely recognized digital asset with institutional potential for adoption. Using XRP in this way could drive further market expansion, benefiting both investors and the broader ecosystem. It could also encourage additional adoption across financial institutions, as Ripple’s technology is already designed for large-scale transactions.

Future Outlook

Government involvement in XRP could accelerate adoption on multiple fronts. Wider acceptance could enhance liquidity and trading volume, attracting new participants to the market. Increased adoption would reinforce XRP’s position in global digital finance.

Multiple proposals have been made, with some suggesting the escrowed XRP could be used to settle the National debt. Higbie’s remarks suggest that strategic allocation of public funds to crypto could serve as both a market catalyst and a method to enhance public financial outcomes.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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