Crypto
XRP Could Overtake Bitcoin in Market Capitalization, Says Former Ripple CTO
Former Ripple CTO David Schwartz believes XRP could eventually overtake Bitcoin in market capitalization, not because of any collapse of Bitcoin's value.
Schwartz stated that he thinks XRP could grow faster than Bitcoin and capture a larger share of the market, due to its higher functionality and speed compared to Bitcoin.
He emphasized that this would be possible without any decline in Bitcoin's value, but rather as both tokens increase in price together.
To overtake Bitcoin's current market capitalization of $1.59 trillion, XRP would need to reach a price of around $25.40 at its current circulating supply of 62.74 billion tokens.