New analysis indicates that a potential conversion of 200,000 Bitcoins into XRP could significantly affect the cryptocurrency market. Analysts have assessed how this could reflect on the prices of both major assets.
Grok's Predictions: XRP Surge and BTC Drop
The Grok analytical model predicts that selling 200,000 BTC would result in a decrease in Bitcoin's price by approximately 28.6%, potentially lowering it to $84,849. Meanwhile, XRP may increase by 289% to $12.22, considering the impact on market capitalization.
Gemini's Model: Market Impact and Liquidity
Gemini focuses on slippage that would occur during large sales. It is expected that the sale of 200,000 BTC would create about 30% slippage, potentially dropping Bitcoin's price to $70,000. XRP, on the other hand, could range between $6 and $10 depending on demand pressure.
Possible Implications for the Crypto Market
Both analytical tools emphasize that such a large asset swap could trigger significant market shifts. These changes reinforce the view of analyst Amonyx, who believes XRP has the potential to create more millionaires than Bitcoin.
The simulation of exchanging 200,000 BTC for XRP illustrates potential sharp price shifts in the cryptocurrency market. Both analyses highlight that such a trade could decrease Bitcoin's value while significantly increasing XRP's price.
