The possibility of Bitcoin reaching a $1 million valuation has gained considerable attention from industry leaders and financial analysts. As institutional adoption accelerates, this projection appears increasingly plausible, prompting discussions about the potential effects on other major cryptocurrencies, particularly XRP. Growing Momentum Behind a $1 Million Bitcoin The current market landscape reflects growing optimism about Bitcoin’s long-term price trajectory. After surpassing the $100,000 milestone, the asset has seen a surge in institutional involvement. Numerous corporations, inspired by Strategy, have integrated Bitcoin into their treasury holdings. Reports suggest that more than 200 companies now include BTC in their balance sheets. Additionally, the U.S. government is said to be exploring the possibility of creating a national Bitcoin reserve of up to one million BTC. This shift in sentiment has led several public figures to support the $1 million projection, including Michael Saylor, Binance co-founder Changpeng Zhao, Jack Dorsey , Samson Mow, Cardano founder Charles Hoskinson, and Eric Trump. Estimating XRP’s Price in a $1 Million Bitcoin Scenario To estimate XRP’s potential value in a market where Bitcoin reaches $1 million, it is necessary to consider current market share distributions. At the moment, Bitcoin accounts for approximately 65.7% of the global cryptocurrency market, which currently has a total capitalization of about $3.28 trillion. In comparison, XRP holds a market share of approximately 3.9%. If Bitcoin reaches the $1 million mark while maintaining its market dominance, the total market capitalization of the crypto sector would likely expand to roughly $30.3 trillion. Should XRP maintain its existing market share in this scenario, it would have a market capitalization of around $1.19 trillion. Based on its circulating supply, this would result in a per-token valuation of approximately $20.15, a significant increase from its current price of $2.21, representing a growth of around 830%. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Can XRP Surpass This Estimate Before Bitcoin Hits $1 Million? While the above projection assumes XRP maintains its current market share, several analysts argue that XRP could appreciate further even before Bitcoin achieves the $1 million target. For instance, Davinci Jeremie, a long-standing Bitcoin supporter, recently predicted that XRP could reach $24 by the end of 2025. Other projections, such as those from Telegaon , foresee XRP reaching $87 by 2035. In the same forecast, Telegaon also anticipates Bitcoin reaching $1.2 million by that year. These forecasts suggest that XRP’s market share could increase over time, especially if investor interest broadens beyond Bitcoin. Historical data supports this possibility. Over the past year, XRP has recorded a price increase of approximately 350%, compared to Bitcoin’s 75% rise. This suggests a higher growth rate for XRP, which could significantly alter its valuation trajectory. If Bitcoin reaches the projected $1 million price point and XRP retains its current market share, a valuation near $20 for XRP appears feasible. However, this outcome depends on multiple variables, including market sentiment, institutional support, and regulatory developments. With some analysts expecting XRP to gain market share even before Bitcoin reaches this milestone, the actual price of XRP in a future crypto market could exceed these early estimates. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Here’s How High XRP Could Rise If Bitcoin Hits $1M appeared first on Times Tabloid .
