In a recent video shared on the social media platform X, crypto commentator Armando Pantoja argued that real estate could become the catalyst for XRP’s next major rally, even suggesting the XRP price could climb to $79 as blockchain adoption reshapes the housing sector.
Tokenization of real-world assets on blockchain goes as far back as the 2021 bull market, but this trend is now really starting to take root due to institutional investors flocking into the industry in recent months.
Interestingly, the momentum is not limited to institutional players. An example of this is a case from Texas where a $235,000 home was fractionalized into tokens and sold to 38 investors, raising $246,000 in the process. Many of the participants had never used crypto before, yet they were able to set up digital wallets, buy in, and now receive weekly rent payments in USDC.
Real estate is the largest asset class in the world, valued at trillions of dollars. According to Statista, the real estate market worldwide is expected to reach a value of $654.39 trillion by 2025. However, its infrastructure has long been plagued by inefficiency, high costs, and paperwork-heavy processes.
Featured image from Unsplash, chart from TradingView
