A short time ago, a group came out of the Satis group on the future of cryptocurrencies. According to the report, the Satis group expects that Monero (XMR) will emerge as one of the biggest winners in the next 5 years, reaching an evaluation of over $ 18k. It is interesting to note that the report also identifies a series of projects that they believe will be practically useless in the next 5 years. One of these is XRP (XRP). Their thesis is that in the future only the encrypted ones that treat offshore deposits will thrive. Basically, cryptos that allow people to hide money. However, a critical review of the relationship quickly exposes its fallacious nature.
First, it is stated that Ripple (XRP) is misleadingly marketed and has no utility value. This may not be the case because XRP is acquiring a widespread adoption in the banking sector. There is really nothing to hide or clamor about whether XRP is gaining for adoption. It's just like that. It is a fact that there has been an increase in the number of financial institutions that are moving to adopt XRP as a liquidity tool in cross-border transactions.
The fact that these adoption cases are reported as they come is not anywhere near exaggerated or misleading marketing. As for the utility, if XRP (XRP) had no intrinsic value, no financial institution will adopt it. The banking sector is one of the deepest pockets in the world. This means that most banks have the ability to search for cryptographic markets and determine whether XRP (XRP) is worthwhile or not. As such, the fact that they are adopting it means that they can see its value. Furthermore, the banking sector is one of the most regulated sectors in the world. If by chance XRP (XRP) was a shaky technology, which could entail a systemic risk for the banking sector, no bank would touch it, let alone test it.
Secondly, the ratio elevates private currencies and their value into taking over the offshore deposits market. But in relieving them, this relationship does not take into account the fact that private currencies risk being pulled down by governments in a coordinated global round. Why should it happen? Taxes! Governments need transparent financial systems and have always needed them for tax purposes. Without the ability to collect taxes, governments would not be able to provide crucial services, and this would be a social catastrophe. As such, sooner or later governments will begin to suppress private currencies, since they are perfect conductors for tax evasion. This happened in Japan some time ago, where the main exchanges canceled the privacy coins at the behest of the Japanese government. Such a move on a global level could send these coins underground and damage their valuations.
This does not mean that coins like Monero (XMR) will disappear, but their traditional growth potential would be significantly reduced if governments moved on them. As such, coming to predict that a private currency could hit more than $ 10k, while a currency (Ripple XRP) that offers real usefulness goes to zero is a bit too long.