XRP Could Overtake Bitcoin in Market Value, Says Ripple CTO

Ripple CTO David Schwartz says XRP could eventually overtake Bitcoin in market value.

Speaking during an X Spaces hosted by NFT creator ILLY, Schwartz said XRP would not need Bitcoin to crash for this to happen. Instead, he sees XRP growing much faster as crypto adoption and use of the XRP Ledger expand.

Schwarz believes that for XRP to overtake Bitcoin, it wouldn't happen from Bitcoin shrinking, but rather from XRP growing faster than Bitcoin. He says this could happen in a scenario where the entire digital asset market becomes much larger, with most of them continuing to grow and some disappearing.

The XRP Ledger's speed and functionality are key factors in its potential growth, according to Schwartz. With several technical upgrades, including security checks for protocol-level permission features and node improvements that help prevent ledger issues, the network could become more useful for large financial and business applications.