Crypto Analyst Levi Rietveld has recently made a bold prediction, suggesting that Ripple could surge to $100, drawing parallels to statements made by MicroStrategy chairman Michael Saylor. In a CNBC interview, Saylor forecasted a future where Bitcoin could reach a staggering $13 million per token, a projection that has since shocked the crypto community.
BREAKING: $XRP WILL HIT $100! Michael Saylor pic.twitter.com/NCeYTXhYyf
— Levi | Crypto Crusaders (@LeviRietveld) September 25, 2024
Saylor based his Bitcoin forecast on the belief that the digital asset could eventually represent 7% of the world’s capital. He pointed out that Bitcoin’s global, non-sovereign status makes it a safe haven, free from the risks tied to government-backed currencies. He also expects Bitcoin’s annual growth rate, currently around 44%, to slow down slightly before stabilizing and delivering returns comparable to the S&P 500, with an additional 8% upside.
How did Rietveld analyze XRP price?
Rietveld’s analysis aligns Ripple’s potential growth with this projection for Bitcoin. He explained that if Bitcoin’s market cap reaches trillion of dollars, it would likely create a ripple effect, benefiting the other key assets like Ripple. Rietveld noted that XRP plays a unique role in the market by providing liquidity and addressing gaps Bitcoin does not, which could help Ripple for a significant growth alongside Bitcoin.
Currently, XRP is valued at around $0.58, but if Bitcoin were to achieve its $13 million target, Rietveld believes XRP could climb to $100. He argued that as Bitcoin’s market share potentially hits $273 trillion, the entire crypto market, including Ripple, would see immense growth.
While Saylor predicts Bitcoin will hit $13 million by 20245, some crypto analysts believe that XRP could surpass $100 much sooner, as momentum around digital assets continues to build.
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Source: https://www.cryptonewsz.com/saylors-forecast-fuels-xrp-100-prediction/