A brand new wave of dialogue about authorities buyback of XRP tokens emerged a couple of days after Valhil Capital’s managing director, Jimmy Vallee, spoke in an interview, discussing what XRP is likely to be value now if not for the SEC’s prosecution. He as soon as once more urged that the cryptocurrency may very well be purchased again if the regulator is defeated in court docket.

Vallee has lengthy promoted his buyback concept about XRP and has additionally speculated that the token shall be value $35,000 in some unspecified time in the future. He believes that can occur when all banks swap to ISO20022 and use XRP.

Widespread sense

Many within the XRP group are relatively pessimistic about such assumptions. Ripple’s former director of developer relations, Matt Hamilton for instance, considers Vallee’s claims to be full fantasy, a situation that’s logically not possible.

Come on Eri, It’s all a whole fantasy. There isn’t any situation through which a buyback makes any logical sense.

— Matt Hamilton (@HammerToe) January 3, 2023

He famous, nonetheless, that even when a buyback of XRP had been to happen, its worth couldn’t be thought-about honest worth as a result of the second is fashioned solely by market legal guidelines. Commenting on the likelihood that the buyback would occur to make XRP the brand new authorities foreign money, Hamilton additionally questioned what prevents the federal government from merely shopping for the tokens from the market.

As a basic abstract of Vallee’s phrases, Hamilton mentioned he was suspicious of his and Valhil Capital’s exercise, and that to this point “he has been saying extra intelligent phrases than doing something.”