XRP needs to reach a strong double-digit price to overtake Bitcoin in market value, based on David Schwartz’s prediction that XRP will grow faster than BTC.
Schwartz, Ripple’s former CTO, recently said he believes XRP will one day surpass Bitcoin. But he doesn’t think this will happen because Bitcoin crashes.
Instead, he believes XRP will grow faster than Bitcoin as the overall crypto market continues to expand. This raises an important question: How high would XRP price need to go to close the current market-cap gap with Bitcoin?
XRP Price Would Need a Huge Market Cap
XRP is currently around $1.4, giving it a market value of about $88 billion. Bitcoin is around $77,200, with a market value of $1.55 trillion.
That means Bitcoin’s market cap is about 18 times bigger than XRP’s. For XRP to overtake Bitcoin, its market value needs to grow by trillions of dollars.
For example, if Bitcoin reaches a $3 trillion market cap, XRP needs to move above $3 trillion to become the biggest cryptocurrency. With about 62.74 billion XRP in circulation, a $3.1 trillion market cap puts XRP at around $49.40 per coin.
That means XRP needs to rise about 35 times from its current price of $1.38.
Bitcoin Will Keep Rising Too
Meanwhile, the $50 XRP price is not a fixed target for overtaking Bitcoin. It depends on how high Bitcoin’s price rises when XRP attempts to pass it.
For example, if Bitcoin reaches a $3 trillion market cap, its price will be around $150,000 based on its current supply. If Bitcoin rises even higher, XRP needs to reach an even higher market cap to overtake it.
That makes Schwartz’s prediction very ambitious. XRP needs to grow much faster than Bitcoin for a long time, even while Bitcoin continues to rise. Schwartz believes this will happen if the overall crypto market grows rapidly.
Why Schwartz Thinks XRP Will Grow Faster Than Bitcoin
Schwartz believes XRP will grow faster than Bitcoin because of what the XRP Ledger can do. He believes the XRP Ledger offers features that Bitcoin does not.
So, Schwartz does not expect people to simply leave Bitcoin and move to XRP. Instead, he sees the crypto market growing much larger, with XRP taking a bigger share of that growth.
In this scenario, Bitcoin remains highly valuable while XRP grows much faster.
XRP Still Has a Long Way to $50
If XRP reaches $50, its market value will be about $3.14 trillion based on the current supply. That puts XRP ahead of Bitcoin if Bitcoin’s market value remains around $3 trillion.
But if Bitcoin keeps rising, XRP needs to reach an even higher market value to overtake it. Schwartz has not given a timeline for XRP to overtake Bitcoin, and he has not said that XRP will reach $50.
The $50 price is only an example of what XRP would be worth if Bitcoin has a $3 trillion market cap. For now, XRP remains far behind Bitcoin in both price and market value.
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