Crypto analyst Levi Rietveld has projected that XRP could soar to $100, drawing on recent statements made by MicroStrategy chairman Michael Saylor.
Rietveldâs analysis aligns XRPâs future with Saylorâs vision for Bitcoin for the coming decades. During a CNBC interview, Saylor shocked the crypto world with his $13 million Bitcoin forecast.
He argued that Bitcoin would grow to account for 7% of the worldâs capital. He cited its advantages as a global, non-sovereign asset free from the risks associated with government currencies.
Based on this, Saylor believes that over the next 21 years, Bitcoin could reach $13 million per token. He expects its growth to slow down slightly from its current 44% annual rate but predicts it will eventually stabilize, offering returns comparable to the S&P 500, plus an additional 8%.
Meanwhile, the ripple effect Saylorâs projection could have on other digital assets like XRP has caught Rietveldâs attention.
In a recent analysis, he explained that if Bitcoin achieves a multi-trillion-dollar market cap, itâs only natural that XRP will see a corresponding surge. Rietveld noted that XRP serves a unique niche by providing liquidity and addressing market gaps that Bitcoin does not, making it a crucial asset in the broader crypto landscape.
XRP to Hit $100 with Bitcoin at $13 Million
At the time of writing, XRP is hovering around $0.580, but Rietveld believes that if Bitcoin reaches Saylorâs $13 million target, XRP could hit $100.
Currently, Bitcoin is worth around $63,500, meaning it requires an increase of over 200-fold to reach the $13 million mark. At this level, Bitcoinâs market share would hit $273 trillion.
Presently, Bitcoin commands over half the valuation of the global crypto market. Essentially, if Bitcoin reaches $13 million, the entire crypto market would be worth over $546 trillion.
Given XRPâs status as a top-ranked asset alongside Bitcoin, Rietveld believes XRP would benefit significantly from Bitcoinâs projected 20,300% growth. Precisely, factoring this percentage increase into XRPâs price would place the altcoinâs value at over $118.
It is worth mentioning that Saylor expects Bitcoin to be worth $13 million by 2045, a long-term outlook. However, some analysts in the XRP community believe XRP could surpass $100 in a much shorter time frameâpossibly as early as next year.
This suggests that, based on the optimistic projections of XRP proponents, by the time Bitcoin reaches $13 million in 2045, XRP could be worth much more than $100.
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 Basicâs opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
