Schwartz Raises Possibility of XRP Surpassing BTC Market Cap

David Schwartz, former CTO of Ripple, stated that XRP could potentially exceed Bitcoin's (BTC) market capitalization in the long term. This outlook assumes that XRP could grow faster in the process of the digital asset market's expansion, rather than due to a sharp decline in Bitcoin. Schwartz responded in an X Space hosted by NFT creator ILLY that XRP could surpass Bitcoin, emphasizing the speed and functionality of XRPL as the driving force behind XRP's growth. He explained that major digital assets have the potential to continue growing, and while some assets may disappear, key assets could significantly increase over time. Currently, XRP's price is approximately $1.38, with a market cap of $86.32 billion, leaving a gap of about $1.49 trillion compared to Bitcoin's market cap of $1.56 trillion. For XRP to surpass Bitcoin, its price would need to increase by about 18 times. Schwartz predicted that XRP's long-term growth rate would be linked to the actual usage of the network.

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