MicroStrategy’s chairman, Michael Saylor, predicts that XRP will see a huge jump if Bitcoin hits the $13 million value. His bold forecast has crypto investors wondering how it could affect altcoins like XRP.
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Exploring XRP’s Potential Amidst Bitcoin’s Predicted Surge
Source – Coinpedia
Saylor’s $13M Bitcoin Prediction
Michael Saylor thinks Bitcoin could reach $13 million by 2045. He believes that Bitcoin might capture 7% of global capital because it has no counterparty risk. That said, MicroStrategy has invested over $9.49 billion in Bitcoin since 2020, and this investment has already grown by 825%.
XRP’s Possible Trajectory
If Bitcoin hits $13 million in value, it would grow its current price 215 times. If XRP grows at the same rate, it could reach a whopping value of $126.60. It’s now worth $0.5861, so the increase would be huge.
XRP has often outperformed Bitcoin in bull markets, so the opportunity is there. This means XRP’s price could even double this estimate by 2045, which would be revolutionary.
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Market Implications
A $13 million Bitcoin would push the total crypto market value over a total of $546 trillion. This is much higher than the current $2.1 trillion, and it is bound to cause some changes. Such massive growth could greatly impact altcoins like XRP and it could also lead to widespread adoption and some higher values.
Recent XRP Market Activity
Someone recently moved 30 million XRP (worth $17.4 million) from Korean exchange Upbit. This has made some investors optimistic. At the same time, XRP that’s trading on Upbit has increased quite a bit.
It’s now the sixth most traded asset there, with over $106.6 million in volume. Impressive, right? We think so too.
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The crypto market changes quickly, so these predictions aren’t certain. However, the potential growth of the Ripple coin, driven by Bitcoin’s predicted rise, is an interesting possibility for investors and crypto fans. We’ll keep you updates as the markets go on.