Whether morally acceptable or not, US President Donald Trump made a bold promise earlier this week, suggesting that his administration will pay every adult American $5,000 if his party wins the midterm elections.
History has shown that when free money enters the pockets of Americans, at least a portion of those funds tends to be redirected to the crypto market (remember COVID?). As such, some analysts claimed that if Republicans win and Trump fulfills his promise, the stimulus checks could fuel an “insane” altseason. But what about specific alts, such as XRP?
Realistic Target
Before we get into ChatGPT’s specific targets for XRP, some of which are quite wild, let’s clear one thing upfront – even if Trump really wants to give so much money to every American adult, it would be a very hard task. At first, he would require congressional approval. If his party wins, that means they will be able to vote for it.
However, even some Republicans were highly concerned about this promise, claiming that it would spike inflation further and worsen the country’s fiscal stability. This is because it would cost the country about $1.2 trillion to $1.35 trillion, according to estimates.
“I would personally throw everything of my heart and soul to stop it, because it would actually do more damage to working people than would ever help them,” U.S. Representative David Schweikert, an Arizona Republican set to leave Congress at the end of his term, told Reuters.
But nevertheless, let’s imagine that he would indeed go through and $5,000 would reach every American adult. ChatGPT is quite optimistic that XRP “would be one of the better-positioned larger-cap altcoins to benefit.”
Given the asset’s current price tag of around $1.40, the popular AI platform noted that its most realistic target would be somewhere between $2.50 and $3.00. This would be quite a dramatic increase for XRP, more than 100%, if it’s to reach the larger target. But this wasn’t ChatGPT’s most bullish one.
Let’s Go Wild
In a follow-up, significantly more bullish scenario, the chatbot outlined even bigger targets for XRP if all stars align. In case the broader crypto markets begin a more notable expansion wave, similar to the one from two years ago, led by BTC’s bull market restart, XRP can easily clear $2.00 and head toward $3.00 within weeks. If financial conditions in the US subsequently ease, then “I become substantially more bullish,” said ChatGPT.
“In that environment, $3.00 XRP wouldn’t strike me as remotely extreme. $4.00-$5.00 becomes plausible,” it noted.
Everything above $5.00, though, ChatGPT said it would be more of a “mania scenario” rather than a fundamental expectation at this point.
The post How High Could XRP Go if Trump Gives Every American $5K? ChatGPT Sets Specific Targets appeared first on CryptoPotato.
