XRP Trader Becomes 100x More Bullish After Reading Thesis on New Treasury Market
Top XRP trader Crypto Bitlord has announced he is now 100x more bullish on the asset after reading a detailed thesis from X Finance Bull. The thesis posits that XRP can serve as infrastructure for a new kind of U.S. Treasury market, and argues that stablecoins are part of the solution to meet the growing demand for Treasury securities.
The federal government has crossed $40 trillion in debt, and the GENIUS Act requires regulated stablecoins to hold 1:1 reserves in assets like short-term Treasury bills. Ripple's stablecoin RLUSD already qualifies for these reserves, with BNY serving as primary custodian.
X Finance Bull also points out that tokenized Treasury products already exist on the XRP Ledger, including Ondo Finance's OUSG and Guggenheim Treasury Services' Treasury-secured digital commercial paper. The thesis argues that as more global currencies connect to this system, more liquidity will move through XRP.
Crypto Bitlord had previously held a bullish position on XRP but had expressed some doubts recently. He stated 'An ATH this cycle is only logical,' implying that he now expects the asset to reach an all-time high in the current market cycle.