XRP Could Outgrow Bitcoin, Says Ripple's CTO
Ripple's Chief Technology Officer, David Schwartz, has sparked controversy in the crypto market with his statement that XRP could surpass Bitcoin in market capitalization. Schwartz argues that XRP's growth is not dependent on Bitcoin's collapse, but rather on the expansion of its use cases and adoption.
The XRPL has seen significant activity in recent months, with features such as native AMMs, DeFi extensions, and EVM compatibility via sidechains. Ripple also secured a partial legal victory against the SEC in 2023, clarifying XRP's regulatory status on the US secondary market.
Schwarz believes that if the next bull cycle is accompanied by genuine institutional adoption through the XRPL, the inflows could be of an entirely different nature - more structural, less speculative. However, he also acknowledges the significant structural hurdles that XRP needs to overcome to reach parity with Bitcoin.