MicroStrategy President Michael Saylor predicts that XRP will see a huge jump if Bitcoin hits $13 million. His bold prediction has crypto investors wondering how this could affect altcoins like XRP.
Exploring XRP's Potential Amid Bitcoin's Predicted Price Rise
Saylor's $13 Million Bitcoin Prediction
Michael Saylor believes Bitcoin could reach $13 trillion by 2045. He believes Bitcoin could account for 7% of global capital because it has no counterparty risk. However, MicroStrategy has invested more than $9.49 billion in Bitcoin since 2020, and the investment has increased by 825%.
Possible trajectory of XRP
If Bitcoin were to reach $13 million, its current price would increase 215 times. If XRP were to grow at the same rate, it could reach a whopping $126.60. It is currently worth $0.5861, so the increase would be huge.
XRP has typically outperformed Bitcoin in bull markets, so the opportunity is there. This means that the price of XRP could even double this estimate by 2045, which would be revolutionary.
Market meaning
A $13 million Bitcoin would push the total cryptocurrency market cap to $546 trillion. That’s a lot higher than the current $2.1 trillion and would certainly cause some movement. Such a massive growth could have a big impact on altcoins like XRP and could also lead to mass adoption and some higher valuations.
Recent XRP Market Activity
Recently, someone transferred 30 million XRP ($17.4 million) from the South Korean exchange Upbit. This has some investors optimistic. At the same time, XRP trading on Upbit has increased quite a bit.
It is currently the sixth most traded asset there, with a volume of over $106.6 million.
The cryptocurrency market is changing rapidly, so these predictions are uncertain. However, the potential for Ripple to rise, fueled by the anticipated rise of Bitcoin, is an exciting possibility for investors and cryptocurrency enthusiasts. We will keep you updated as the market unfolds.
