The maximum cap of 100 billion tokens on XRP, according to a prominent member of the cryptocurrency community, would not be enough to support transactions for the world economy.

Versan Aljarrah, the creator of Black Swan Capitalist.io, claimed that burning XRP tokens is useless in a recent remark on X. As the asset reached a significant burn milestone, Aljarrah expressed his misgivings regarding XRP incineration.

Remember how The Crypto Basic revealed last week that there were more than 12 million units of tokens burned off the XRP Ledger?

Prominent members of the community, such Anodos Finance co-founder Panos Mekras, see this milestone favorably and stress that XRP is a deflationary asset.

But the creator of Black Swan Capitalist bluntly declared that XRP burns are a waste of time. He asserts that the 100 billion XRP maximum supply cap on XRP might not be sufficient to sustain the world economy.

100B XRP Would Not Be Sufficient

Aljarrah maintained that although burning XRP tokens could seem like a good idea, it is ultimately unnecessary. He sees the enormous amount of XRP being consumed by the business models of companies like Ripple. To quote him:

If you believe that 100 billion XRP is sufficient to support the world economy, you are still unaware of Ripple's objectives. Although it sounds appealing, burning XRP tokens is not essential.

Aljarrah further argued that there might not be enough XRP available to satisfy demand when it arises, particularly in light of possible future demand that the mainstream has not yet recognized.

The creator of MoonStudios, Yousef Al Redha, rejected the notion that XRP may eventually be supported by Ripple's financial objectives.

"I'm sure ripples has objectives. Al Redha enquired, "Do those goals include you and me?" He underlined how burns contribute to a scarcity factor, which in turn increases the value of XRP.

Jason Douglas, a cryptocurrency enthusiast residing in the United Kingdom, endeavored to elucidate the anticipated need for XRP inside the financial domain.

Douglas calculated that XRP would make $200 billion if it were to take 2% of the daily trillion-dollar volume that JP Morgan traded.

Douglas proposed that in order to handle such a situation, the price of XRP would need to rise dramatically, given the token's restricted supply of only 100 billion.

Notably, the purpose of the XRPL burn mechanism is not to deliberately decrease the quantity of XRP, but rather to dissuade network spam.

However, the majority opinion in the crypto community believes that burns are required because they may affect the value of XRP.