Recent comments from Brian Armstrong, CEO of Coinbase, about Bitcoin potentially reaching a $21 trillion market cap by 2030 have drawn attention to XRP price forecasts. Armstrong believes that increasing institutional demand could push Bitcoin to $1 million per coin.
Bitcoin and XRP Predictions
According to TheCryptoBasic, Bitcoin currently commands over half of the crypto market with a market cap of $2.3 trillion. If Brian Armstrong's vision comes to fruition, the entire cryptocurrency market could expand to nearly $36 trillion. The question then arises: what price could XRP reach under such a scenario?
XRP is currently trading at $2.90 with a market cap of $182 billion. If Bitcoin's price climbs from $110,750 to $1 million, that would represent a 764% increase. Assuming XRP maintains its market share, it could rise to around $26.35.
Reasons for XRP Growth Expectations
XRP has shown a 407% growth over the past year, compared to Bitcoin's 88% increase. This faster growth indicates that Ripple's price might outpace Bitcoin in the long run. If XRP multiplies its growth by a factor of four relative to Bitcoin, its price could surge above $100.
Factors Influencing Ripple Price
Ripple continues to strengthen its ecosystem, which may influence XRP's value if Bitcoin sets new records. Expectations for upcoming XRP ETFs could attract $5 billion in investments within weeks of launch, similar to Bitcoin's ETF-driven surge.
Projections for XRP price under a $21 trillion Bitcoin market cap range from $26 to triple-digit values. This reflects the potential outcomes depending on factors such as cryptocurrency adoption, regulation, and institutional involvement.
