Ripple Executive Suggests XRP Could Eventually Surpass Bitcoin Market Value
Ripple CTO Emeritus David Schwartz stated that XRP could theoretically flip Bitcoin if the broader market expands and XRP outpaces Bitcoin's rate of growth.
During an X Spaces session on September 9, Ripple CTO Emeritus David Schwartz expressed his belief that XRP could eventually overtake Bitcoin in total market capitalization. Schwartz specified that this scenario would rely on XRP compounding at a faster pace within a rising cryptocurrency market rather than on Bitcoin losing value. He did not provide a specific price target or timetable for such an event.
Closing the gap would require a substantial divergence in valuation. With Bitcoin priced near $77,310 and XRP at $1.36 as of September 12, Bitcoin's market capitalization stands between $1.54 trillion and $1.58 trillion, compared to $85 billion to $89 billion for XRP. Based on a circulating supply of 62.7 billion tokens, XRP would need to trade at approximately $24.50—more than six times its previous record of $3.84 set in January 2018—to match Bitcoin's current valuation, assuming Bitcoin's market cap remained unchanged.
While XRP briefly overtook Ethereum for the second-largest market capitalization in early 2018, it accomplished that move from a 15% deficit. In contrast, it currently trails Bitcoin by a factor of roughly 18.
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