CEO of Arc Invest Kathy Wood has predicted that the price of bitcoin (BTC) will cross $ 1 million by 2030, which has made speculation about what it would mean for altcoin such as Ripple’s XRP over the next five years. If the price of 1 BTC Skycket is $ 1 million, what will be the price of XRP by 2030? let’s explore.
Arc Invest’s Cathy Wood Forecast $ 1M BTC Price
Speaking in one Interview with CNBCKathy Wood shared a fast forecast for bitcoin. He said that by 2030, BTC could hold a high rally as $ 1.5 million. He said,
“We always had a target of 2030. The Aadhaar case is in the range of $ 700,000 to $ 750,000, bull case in $ 1.5 million range.”
Wood said such a rally would be operated by bitcoin in terms of stake in gold market, institutional adoption and increasing use in the emerging market. This is the same as the Ripol community estimates that it will increase the future development of the XRP value.
XRP price if 1 BTC reaches $ 1m
To estimate the price of 1 XRP token of BTC reaches $ 1M, we need to accept various scenarios based on the rate on which the price of the ripple increases and takes advantage of adopting.
Scenario 1: XRP captures 6.8% of BTC market share
The first landscape to guess how high is XRP will rally Looking at your current market cap share by 2030. The XRP market cap is $ 136 billion, which is about 6.8% of the current $ 2 trillion market cap of bitcoin.
If the XRP maintains this market cap share against bitcoin, it means that it will be 6.8% of the $ 20 trillion market cap of bitcoin by 2030. This is equal to $ 1.3 trillion, and if the supply of ripple remains stable at 58 billion, the price of 1 XRP token will also be $ 23.
With the price value of $ 23, XRP will have a $ 1.3 trillion market cap, which is realistic as Wood’s forecast, ranks BTC’s market cap for about 20 trillion by 2030.
Scenario 2: XRP captures 10% of BTC’s market share
If Ripple increases its market share and receives 10% of BTC market cap by 2030, its market cap will reach $ 2 trillion. Assuming that the supply is the same at 58 billion, the XRP price will reach $ 35.
If BTC is trading at $ 1 million, this market cap range can be re -achieved. However, to reach such a high price will require intensive institutional adoption and use.
Scenario 3: XRP captures 20% of BTC market share
the end of the Ripple vs SEC Sue In its final stage, and it can draw a lot of interest in the XRP and capture 10% by 2030 in the BTC’s $ 20 trillion market.
In this scenario, the XRP value will have to increase significantly to get a $ 4 trillion market cap. This means that until then, the value of 1 XRP token will be $ 68, which is a high high target as the ripple will grow more than 30 times its current price.
Considering the above three scenarios, the most realistic is to maintain its current market share of 6.8% against bitcoin for one XRP and reaches $ 23 by 2030 if the bitcoin reaches $ 1m per wood per wood.
Which factors will be run by XRP price rally?
Institutional adoption will be the major catalyst for future development of XRP value. As Coingpe told, A Spot XRP ETF Getting closer to approval, and given that the ripple is the largest USA-built altcoin, this product will attract institutional interests.
Secondly, the end of the SEC case will bring more retail interest to the XRP. Currently, only 23% US investor back rippleBut with more regulatory clarity, this number will increase and will run an explosive rally for Altcoin.
Keeping in mind the above factors, the price of XRP will easily reach $ 23 by 2030 if the BTC also climbs up to $ 1 million per cathi wood’s forecast.
Frequently asked questions (FAQs)
If bitcoin reaches $ 1 million, the XRP price will reach $ 23 if it holds its current 6.8% market share against bitcoin.
Some factors that will run the XRP price rally in the future include institutional adoption, regulator clarity and retail interest.
Ripple cannot capture 20% of the market share of BTC until it sees high institutional support and accumulation. The market share will place the XRP price at $ 68 with a $ 4 trillion market cap.
Muthoni
Muthoni Mary is an experienced crypto market analyst and writer, who has an experience over three years, dissecting blockchain trends, price movements and market dynamics. With a sharp look for technical analysis and intense understanding of on-chain matrix, she provides practical, data-powered materials that help investors navigate the world with a fast book of digital assets.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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