An nameless crypto researcher has cited a Franklin Templeton paper to argue that the worth of XRP may attain “Incomprehensibly excessive” ranges.
Throughout an interview on the AllInCrypto podcast, self-acclaimed researcher SMQKE referred to a July 2025 Franklin Templeton publication to elucidate why he believes the value of XRP may finally attain such unimaginable heights.
Notably, the paper, titled Revolution, Not Evolution: The Crypto Dilemma, got here from Sandy Kaul, Head of Innovation at Franklin Templeton. Kaul wrote the piece to problem conventional views of crypto and clarify why digital belongings deserve recognition as a completely different and investible asset class somewhat than being handled as speculative expertise.
Why Crypto Compares to Core Web Tech
Within the paper, Kaul spotlighted why many institutional traders proceed to reject crypto. She defined that some nonetheless affiliate digital belongings with early anti-establishment tradition, together with cypherpunk ideology and dark-web marketplaces.
She additionally famous that others fail to grasp how decentralized networks perform as companies and the way their tokens create financial incentives. Kaul argued that this skepticism stays widespread regardless of stablecoins gaining regulatory readability and crypto networks producing trillions of {dollars} in transaction quantity.
Curiously, Kaul referred to as crypto protocols open-source techniques somewhat than conventional firms, noting that they lack executives, steadiness sheets, and fairness possession. She in contrast blockchain protocols to internet technologies reminiscent of TCP/IP, HTTP, DNS, and SNTP, which made the trendy web attainable.
Notably, these earlier protocols remodeled world commerce and communication, but their creators couldn’t instantly seize the worth they generated. In line with the paper, if they’d a approach to do that, their values would have been “incomprehensibly excessive.”
Kaul defined that crypto modifications this mannequin by permitting protocols to connect worth to native tokens, enabling them to profit from decentralized community progress in a approach just like how shares replicate firm efficiency.
XRP Might Attain “Incomprehensibly High” Prices
Talking on this throughout the AllInCrypto podcast, SMQKE defined that the Franklin Templeton paper highlights a significant historic limitation of the web, whose values would have been extremely excessive if the progenitors had discovered a technique to monetize them.
He then utilized this to trendy blockchain networks. SMQKE referred to as consideration to tasks reminiscent of Ripple, Stellar, and Hedera, which function on protocols that embody native belongings like XRP, XLM, and HBAR.
Not like older web infrastructure, these networks can instantly monetize the companies they supply. He argued that this represents the primary time in web historical past that the core value-transfer layer can carry an embedded monetary asset.
Specializing in XRP, SMQKE defined that the asset serves because the native foreign money of the Ripple protocol and helps a world system designed to maneuver worth effectively throughout borders.
In line with him, as a result of XRP permits this value-transfer perform, assigning it a significant worth results in conclusions that problem low values like $2. From his perspective, discussions centered on modest worth ranges don’t present the size of the underlying system. Nonetheless, it is very important observe that SMQKE selected to not mission any worth targets for XRP.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article might embody the writer’s private opinions and don’t replicate The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Primary isn’t answerable for any monetary losses.
