Xena Predicts XRP Could Reach $1,000 If Bitcoin Hits $1 Million
Xena, a notable figure in the XRP community, suggests that if Bitcoin reaches $1 million, XRP could potentially hit $1,000. She believes this would create more millionaires than Bitcoin's milestone.
XRP’s Potential Millionaires
- Current price of XRP is $2.97; 1,000 tokens cost about $2,960.
- If XRP reaches $1,000, the investment would be worth $1 million.
- At Bitcoin’s current price of $114,500, $2,960 buys approximately 0.025 BTC.
- If Bitcoin rises to $1 million, that investment would grow to about $25,860.
XRP has a total supply of 100 billion tokens, with 59 billion in circulation. To reach $1,000, its market cap would need to rise to around $59 trillion. Conversely, Bitcoin, with a maximum supply of 21 million coins, requires a market cap close to $20 trillion for a $1 million price. The entire crypto market is currently over $2 trillion, indicating a 300× increase needed for XRP and a 9× increase for Bitcoin.
Investor sentiment shows optimism for Bitcoin, with projections from Fundstrat's Tom Lee suggesting prices of $150,000 and $500,000 within five years. ARK Invest's Cathie Wood raised her Bitcoin target to $1.5 million by 2030 due to institutional interest. Other forecasts include Michael Saylor's $13 million by 2045 and Robert Kiyosaki's expectation of $1 million by 2035.
Ambitious Targets
- XRP faces legal and regulatory challenges linked to its issuer.
- XRP lacks the broad ETF market that supports Bitcoin.
- Achieving a 300× gain in XRP involves higher risk compared to Bitcoin's 9× gain.
- Substantial adoption and capital inflow are essential for either asset to reach these targets.