Can XRP Flip Bitcoin?
Ripple's CTO Emeritus went on record saying XRP will surpass Bitcoin in market value, but the math behind that claim reveals just how steep the climb actuall...
Schwartz said XRP could surpass Bitcoin in market value, but only by growing faster on its own rather than from Bitcoin losing ground.
Reaching Bitcoin's current market cap would require XRP to hit roughly $25, more than 6 times its all-time high of $3.84.
XRP gained 35% last month against Bitcoin's 22%, which is the right direction but far short of closing a $1.49 trillion gap.
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Ripple CTO Emeritus David Schwartz said on an X Spaces on September 9 that he expects XRP (CRYPTO:XRP) to eventually pass Bitcoin (CRYPTO:BTC) in market value, and he attached a condition to it. XRP trades at $1.36 and Bitcoin near $77,310 as of September 12.
Bitcoin's market capitalization runs between $1.54 trillion and $1.58 trillion, XRP's between $85 billion and $89 billion, a difference of about $1.49 trillion. So can XRP flip Bitcoin?
Schwartz Attached One Condition to His Answer
On the X Spaces hosted by ILLY, a listener named Angie asked Schwartz whether XRP could flip Bitcoin. His answer was "Yeah, I do." Schwartz is Ripple's CTO Emeritus and an architect of the XRP Ledger, the settlement network that clears XRP transactions and issues the coin.
"It wouldn't happen from Bitcoin shrinking. It would happen from XRP growing faster than Bitcoin," he said. Schwartz described a crypto market that keeps expanding, with XRP compounding faster inside it, so both assets rise and XRP rises more.
"I think XRP surging is probably more likely than not," he said in the same conversation. Schwartz named no price, no timeline, and no level XRP would need to clear on the way, which makes the answer an opinion about direction rather than a number anyone can trade against.
XRP Would Need $24.50 to Match Bitcoin's Market Cap
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Market capitalization is the price of a coin multiplied by the number of coins in circulation, and it's the standard way traders compare the size of one crypto asset against another. The difference between the two totals is what a flip has to close.
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