A recent viral post by the X account “All Things XRP” has caused quite a stir in the crypto community. The post puts forward a bold theory that former President Donald Trump’s proposed 2025 tax plan could potentially spark the next major crypto bull run, with XRP being a primary beneficiary.
The premise of the post revolves around the hypothetical scenario of the elimination of federal income tax for Americans earning under $200,000 per year. This would mean that nearly 90% of the U.S. workforce would have more disposable income at their disposal.
The big question raised by the post is: where would this extra money go? The author suggests that a significant portion of this additional cash could find its way into the crypto market, especially among those who prefer saving and investing over spending.
Despite crypto ownership currently being at just 28% in the U.S., the author speculates that this number could see a significant rise if disposable income increases. While Bitcoin and Ethereum currently dominate the market, the post argues that XRP could emerge as the primary beneficiary due to its low transaction costs and fast speeds.
Moreover, with Ripple’s recent legal victory over the SEC and the anticipated launch of an XRP Spot ETF, the XRP ecosystem is gaining momentum within the U.S. financial landscape.
XRP, currently the fourth-largest cryptocurrency with a market cap exceeding $130 billion, is primarily used for payments and money transfers. However, the post suggests that XRP could potentially evolve into a store of value, positioning it alongside Bitcoin as a digital asset with long-term value.
The post also presents an intriguing theory of a potential 1000% price surge for XRP if Trump’s tax cuts coincide with increased crypto adoption and regulatory clarity. However, it is important to note that this prediction is contingent upon the speculative tax cut scenario.
Despite the speculative nature of the theory, XRP’s recent performance has shown promising signs. Over the past year, XRP has experienced a significant 343.4% increase, with a 7.7% rise in the last two weeks and an 8.7% increase in the past month.
As the crypto market continues to evolve, it will be interesting to see how external factors such as tax policies could potentially impact the industry and specific cryptocurrencies like XRP. Stay tuned for more updates on this developing story.