MEXCHow Much Will 1 XRP Price Be Worth if Bitcoin Hits $1M as Predicted by ARK Invest CEO
Highlights
- XRP price may shoot to as high as $23 if Bitcoin reaches $1 million by 2030 as predicted by Cathie Wood.
- An XRP price rally to these highs will be driven by high institutional interest, retail activity and regulatory clarity.
- If XRP outperforms other altcoins, it can also capture 10% or 20% of Bitcoin's market share by 2030.
Ripple (XRP) eyes massive gains after Ark Invest’s CEO, Cathie Wood, opined that Bitcoin (BTC) price will reach $1 million by 2030. If this happens, XRP price will rally, considering that it is the largest crypto after Ethereum. Hence, how much will 1 XRP be worth once this BTC target is achieved?
ARK Invest’s Cathie Wood Forecasts $1M BTC Price
While speaking in an interview with CNBC, Cathie Wood shared a bullish forecast for Bitcoin. She noted that by 2030, BTC could rally to as high as $1.5 million. She opined,
“We have always had the 2030 target. The base case is in the $700,000 to $750,000 range, the bull case in the $1.5 million range.”
Wood opined that such a rally will be driven by Bitcoin taking up gold’s market share, institutional adoption, and a growing use case in the emerging market. This is similar to what the Ripple community anticipates will drive the future growth of the XRP price.
XRP Price If 1 BTC Reaches $1M
To estimate the price of 1 XRP token of BTC reaches $1M, we need to assume different scenarios depending on the rate at which Ripple price grows and gains adoption.
Scenario 1: XRP Captures 6.8% of BTC’s Market Share
The first scenario to forecast how high the XRP price will rally by 2030 is by looking at its current market cap share. XRP has a market cap of $136 billion, which is around 6.8% of Bitcoin’s current $2 trillion market cap.
If XRP maintains this market cap share against Bitcoin, it means that it will hold 6.8% of Bitcoin’s $20 trillion market cap by 2030. This is equivalent to $1.3 trillion, and if Ripple’s supply remains constant at 58 billion, the price of 1 XRP token will also be $23.
With a price value of $23, XRP would have a $1.3 trillion market cap, which is realistic as Wood’s forecast places BTC’s market cap at around $20 trillion by 2030.
Scenario 2: XRP Captures 10% of BTC’s Market Share
If Ripple increases its market share and attains 10% of BTC’s market cap by 2030, its market cap will reach $2 trillion. Assuming the supply remains the same at 58 billion, the XRP price will reach $35.
Again, this market cap range can be attained if BTC is trading at $1 million. However, getting to such a high price would require intense institutional adoption and usage.
Scenario 3: XRP Captures 20% of BTC’s Market Share
The end of the Ripple vs. SEC lawsuit is in its final stages, and this could draw much interest into XRP and lead to the altcoin capturing 10% of BTC’s $20 trillion market share by 2030.
In this scenario, XRP price will have to surge significantly to attain a $4 trillion market cap. This means that by then, 1 XRP token will be worth $68, which is an extremely high target as Ripple would have to surge by over 30 times from its current price.
Considering the above three scenarios, the most realistic one is for XRP to maintain its current market share of 6.8% against Bitcoin and reach $23 by 2030 if Bitcoin reaches $1M per Wood’s estimates.
What Factors Will Drive the XRP Price Rally?
Institutional adoption will be the key catalyst for the future growth of XRP price. As Coingape reported, a spot XRP ETF is getting close to approval, and considering that Ripple is the largest USA-made altcoin, this product will draw institutional interest.
Secondly, the end of the SEC lawsuit will bring in more retail interest in XRP. Currently, only 23% of US investors back Ripple, but with more regulatory clarity, this number will grow and drive an explosive rally for the altcoin.
Considering the above factors, the price of XRP will easily reach $23 by 2030 if BTC also soars to $1 million per Cathie Wood’s forecast.
Frequently Asked Questions (FAQs)
1. What will 1 XRP price be worth if Bitcoin reaches $1 million?
2. What factors will drive an XRP price rally?
3. Can Ripple capture 20% of BTC’s market share?
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