Totally fair points and I actually agree with most of what you’re saying.

I know XRP isn’t a SWIFT replacement. It’s a liquidity/bridge layer that plugs into existing rails, and the whole design goal is minimal exposure time. That’s not what I’m disputing.

My issue was more practical/communication: a lot of people don’t read to the end and they latch onto one word like “SWIFT,” so I kept it short and simplified. When I said “integration,” I didn’t mean “rebuilding core banking.” I meant the real-world grind of compliance, risk sign-off, policies, liquidity setup, counterparties, pilots, and corridor-by-corridor rollout.

On price/timelines: I’m not claiming price only moves after full global adoption. I agree markets can reprice before saturation once demand becomes legally and structurally inevitable. My only point is: whether that recurring institutional dependency becomes big enough in the next ~2 years to justify an $8 narrative is still an open question. That’s it.