Popular AI chatbots ChatGPT and Google Gemini have commented on the likely price of XRP should Bitcoin reach a value of $500,000, as projected by Bloomberg.
When Bitcoin first surpassed the $42,000 milestone last December, it marked the first time in 20 months that it had achieved this level. A report from Bloomberg highlighted this achievement, suggesting it could signal the beginning of a new supercycle that might propel BTC to $500,000.
More recently, financial pundits like Robert Kiyosaki have forecasted that Bitcoin could reach $500,000 by next year.
Last week, Bitcoin made a significant leap toward its March all-time high but ultimately fell short of surpassing it. This surge positively impacted the broader crypto market, bringing it close to the $2.5 trillion mark.
Essentially, if Bitcoin experiences a surge to $500,000, it is expected to trigger a significant rally in the altcoin market, affecting top-ranking tokens like XRP. However, determining the precise impact on XRP is challenging, particularly in terms of its potential price in such a scenario.
Analysis of XRP Price with $500K Bitcoin
At press time, Bitcoin is trading at $69,197, up just 2% over the past week. If Bitcoin were to attain $500,000 from its current level, today’s investors would see a massive 622% expansion in their portfolio. At this level, Bitcoin’s market cap would be approximately $9.9 trillion.
Meanwhile, XRP is worth $0.5036 today with a market cap of $28.64 billion. Applying a similar growth potential of 622% to XRP would elevate its current price to $3.64.
However, this direct proportional growth rate may underestimate XRP’s potential in a market buoyed by Bitcoin’s surge to $500,000. To explore this further, we consulted Google Gemini and ChatGPT regarding the potential effects of a BTC rally on XRP.
ChatGPT and Google Gemini Predict XRP Price if Bitcoin Hits $500,000
According to ChatGPT, if Bitcoin were to reach $500,000, as some bullish forecasts like Bloomberg’s suggest, it would likely create a highly optimistic market environment. This could propel XRP and other major altcoins to significant heights, as Bitcoin’s success typically encourages investment in other established assets, particularly lower-priced options like XRP.
ChatGPT concluded that if Bitcoin hits $500,000, XRP could potentially be valued anywhere from $10 to $20 or higher, based on historical correlations and the impact of major market growth phases.
Google Gemini echoed this sentiment, suggesting that XRP could surpass $20 if Bitcoin reaches $500,000.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
