Versan Aljarrah, the CEO of Black Swan Capitalist, has ignited a storm of controversy in the cryptocurrency community with his claim that XRP’s price was predetermined by global financial institutions long before it was available on the market. Aljarrah’s bold assertion has raised eyebrows and fueled debates, with many questioning the transparency of the XRP market and its role in the global financial system.

The Theory Behind XRP’s Predetermined Price

Aljarrah took to platform X to share his controversial theory, suggesting that XRP’s price is not determined by typical market dynamics but rather by agreements made behind closed doors among the world’s most powerful financial institutions. He likened XRP’s pricing process to the pre-IPO phase in traditional finance, where major players such as hedge funds, investment banks, and central banks negotiate the value of an asset before it becomes publicly traded.

In his view, XRP has already undergone this pre-IPO stage. He believes that institutions like JP Morgan, BlackRock, the Bank for International Settlements (BIS), and the International Monetary Fund (IMF) were involved in setting XRP’s value before it ever became available for retail investors. However, Aljarrah did not provide concrete evidence to support these claims, leaving his statements open to skepticism.

XRP and Global Institutions

One of the key elements of Aljarrah’s theory is that Ripple, the company behind XRP, has worked closely with central banks around the world, including smaller nations such as Barbados and several Caribbean countries. According to Aljarrah, Ripple’s technology has already been adopted by these central banks to facilitate cross-border transactions, with XRP acting as a bridge currency to simplify and expedite payments between nations.

Aljarrah’s argument aligns with the concept of stakeholder capitalism, a model endorsed by the World Economic Forum (WEF), where large financial institutions and central banks have significant influence over the global economy. In his view, the adoption of XRP by these institutions is part of a broader strategy to reshape the global financial system, with XRP playing a key role in the future of international transactions.

Predictions for XRP’s Price

Building on his theory, Aljarrah predicts that XRP’s price could eventually reach three or even four digits as its utility grows within the global financial system. This price surge, according to Aljarrah, is already baked into the system due to the private agreements made by major financial players. While this prediction is speculative and based on future demand for XRP, it raises questions about the role of large financial institutions in shaping the cryptocurrency market.

Criticism from the Crypto Community

Aljarrah’s claims have not been universally accepted, and many critics have voiced their concerns. Some argue that if XRP’s price were truly predetermined by global institutions, these entities could have used their knowledge of the future price to accumulate XRP at a low cost, potentially at the expense of retail investors. This raises ethical concerns and contradicts the principles of decentralization that are central to the ethos of cryptocurrencies.

One prominent figure, veteran trader Peter Brandt, has expressed a far more pessimistic outlook on XRP. Brandt has predicted that XRP could drop to $1 in the short term, citing concerns about the cryptocurrency’s market dynamics and low trading volume on decentralized exchanges. Despite XRP’s impressive market capitalization of $120 billion, its daily trading volume on decentralized exchanges remains low, highlighting the potential challenges it faces.

Conclusion

Aljarrah’s assertion that XRP’s price was predetermined by global financial institutions has added fuel to an already heated debate in the cryptocurrency space. While some support his theory, others remain skeptical, questioning the ethics and transparency of such arrangements. Whether XRP’s future value is driven by market dynamics or hidden agreements, its role in the global financial system is still evolving, and its true potential remains to be seen. For now, investors and enthusiasts alike will continue to monitor developments closely, awaiting clearer answers on XRP’s price and its role in the broader crypto landscape.