XRP Price Could Soar If Bitcoin Hits $13M: An Insight by MicroStrategy’s Chairman
Michael Saylor, Chairman of MicroStrategy, recently made a bold prediction that could stir the cryptocurrency market. According to Saylor, Bitcoin has the potential to hit $13 million by 2045, which could lead to a significant rise in XRP price as well. His projections were shared on CNBC TV, where he emphasized Bitcoin’s zero-counterparty risk as a key factor that could enable it to capture 7% of global capital.
MicroStrategy’s commitment to Bitcoin is well-documented, having invested over $9.49 billion since September 2020, yielding an 825% return. Just last week, the company made an additional investment exceeding $1.1 billion. Saylor’s bold forecast is one of the most optimistic in recent memory, even more ambitious than VanEck’s estimate of $2.9 million by 2050.
Impact of Bitcoin Reaching $13M
Should Bitcoin reach $13 million per unit, its global market capitalization would hit approximately $273 trillion. Currently, Bitcoin is priced around $60,000, with a total market cap of $1.26 trillion. To reach the $13 million mark, Bitcoin would need to grow by an astonishing 215-fold, or 21,566%. Saylor believes this lofty target is achievable within two decades.
If Bitcoin’s market cap swelled to $273 trillion, the altcoin market could see a proportional increase, potentially doubling the overall cryptocurrency market to a monumental $546 trillion, far surpassing today’s market size of approximately $2.1 trillion. Consequently, the value and size of popular altcoins like XRP could also surge.
Potential XRP Price If Bitcoin Skyrockets to $13M
Predicting XRP’s exact value if Bitcoin reaches $13 million is challenging, but proportional growth offers some insights. If Bitcoin’s value increases by 215-fold, a similar growth trajectory for XRP could see its price elevate from its current $0.5861 to about $126.60 per token.
This analysis suggests that XRP might be worth over $126 in two decades, assuming Bitcoin achieves Saylor’s forecast. Historically, XRP has outperformed Bitcoin during bullish trends, though recently Bitcoin has led the charge. This indicates that XRP’s value could potentially exceed the proportional estimate and reach even higher prices by 2045.
Interestingly, some in the XRP community believe the token could surpass $126 much sooner, possibly as early as next year. This sentiment adds to the optimism that XRP’s value could be substantially higher by 2045, according to ambitious market spectators.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Read more about the potential impacts of such unprecedented growth on the broader cryptocurrency market. For studies on historical trends and future projections, check out authoritative sources here and here.
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