XRP Could Overtake Bitcoin if Crypto Market Expands Broadly: Former Ripple CTO
David Schwartz, the former CTO of Ripple, recently shared his thoughts on XRP's potential to surpass Bitcoin in market capitalization. According to him, if the overall crypto market expands significantly, XRP could eventually overtake Bitcoin.
XRP currently trades at $1.34 with a market cap around $85 billion, while Bitcoin's market cap is about $1.55 trillion. To match Bitcoin, XRP would need to reach roughly $24.70, based on the current price difference.
Schwarz emphasized that this is his personal view and not an official forecast from Ripple. He also mentioned that no specific timeline or price target was given for XRP to potentially overtake Bitcoin.