Bitcoin Proponent Sets XRP Price Even If BTC Reaches $100 Million

XRP has recently drawn considerable attention following multiple ambitious forecasts regarding its long-term valuation. Supporters cite its increasing role in cross-border transactions, evolving regulatory clarity, and a rise in institutional adoption as key factors that could drive significant price growth. Several analysts have made bold projections. BarriC, a well-known crypto commentator, previously suggested that XRP could reach $100. Matthew Brienen, Chief Operating Officer at CryptoGuard, took the speculation further in April, projecting a $1,000 target for XRP. Some, like John Squire, have pushed expectations even higher, calling a $10,000 XRP valuation “conservative.” Bitcoin Maximalist Counters With Supply-Based Argument In sharp contrast, Rajat Soni, a Chartered Financial Analyst and strong proponent of Bitcoin, has dismissed such projections as unrealistic. He further argued that the circulating supply of XRP—100 billion tokens—makes such high price targets implausible. Soni compared XRP to Bitcoin, noting the latter’s capped supply of 21 million coins and divisibility into 2.1 quadrillion satoshis. Based on this structure, he concluded that one XRP equates to approximately 21,000 satoshis. When XRP was priced at $2.20, and 21,000 satoshis cost $22, Soni claimed that Bitcoin’s intrinsic value was already at least 1,000 times greater than XRP’s. According to Soni’s projections, if Bitcoin were to rise to $100 million, one satoshi would then equal $1. Using this ratio, he argued that XRP would struggle to exceed $20, as it would remain pegged to the relative value of 21,000 satoshis. He also highlighted inflationary implications. A $100 million Bitcoin, in his view, would signify a U.S. dollar devaluation of over 95%. In today’s terms, he noted, such a scenario would imply a Bitcoin value of around $5 million and an XRP equivalent of just $1 when adjusted for purchasing power. Current Market Metrics and Contradictory Performance At present, XRP is priced at $2.15, while Bitcoin trades at approximately $104,199, putting the XRP-to-BTC ratio at 0.00002053. If XRP were to reach $22 when Bitcoin is at $100 million, its ratio would decline to 0.00000020, a roughly 99% loss of value relative to Bitcoin. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 However, recent market performance does not support such a steep decline. XRP has gained 183% against Bitcoin since November 2024, contradicting the idea that it is consistently underperforming. If Bitcoin were to reach $100 million per coin, its market capitalization would rise to nearly $1.987 quadrillion. Maintaining its current dominance of 64.58%, the global crypto market cap would approach $3.076 quadrillion. Assuming XRP maintains its existing market share of 3.94% under these extreme conditions, its total market cap would climb to roughly $121.194 trillion. This would place XRP’s price near $1,244, which is a sharp contrast to Soni’s $20 limit. While predictions of XRP reaching $1,000 or more remain highly speculative, Soni’s assertion that the asset would be capped under $20 in a hyper-inflated crypto market also relies on rigid assumptions. The outcome will likely depend on future developments in utility, adoption, and macroeconomic trends, none of which can be accurately predicted with absolute certainty. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Bitcoin Proponent Sets XRP Price Even If BTC Reaches $100 Million appeared first on Times Tabloid .

Source: TimesTabloid