According to a proportional growth analysis, XRP price could rise by over 215-fold if the bold $13 million per Bitcoin forecast materializes.
Michael Saylor, the chairman of MicroStrategy, recently set an ambitious target for Bitcoin, predicting it could reach $13 million by 2045. Saylor shared this bold outlook during a recent appearance on CNBC TV. He argued that Bitcoin could capture 7% of global capital due to its zero-counterparty risk.
Notably, MicroStrategy has invested over $9.49 billion in Bitcoin since September 2020, generating an 825% return. Just last week, the firm made a fresh investment of over $1.1 billion in Bitcoin.
Saylor’s prediction is one of the most ambitious projections for Bitcoin in recent times, surpassing VanEck’s estimate of $2.9 million by 2050.
What Bitcoin at $13M Means
At a unit price of $13 million, Bitcoin’s global market capitalization would be approximately $273 trillion. For context, the current price of BTC is around $60,000, with a fully diluted market capitalization of $1.26 trillion.
Reaching the $13 million threshold would require Bitcoin to grow by 215-fold or 21,566%. Saylor believes this level of growth is feasible for the firstborn crypto in precisely two decades.
Historically, the market capitalization of Bitcoin has been above 50% of the global size of the crypto market. As a result, if Bitcoin alone wielded a market capitalization of $273 trillion, the size of the altcoin market could be of similar value, implying an overall crypto market size of above $546 trillion, much higher than the current market size of around $2.1 trillion.
This raises the question of what the size and value of popular altcoins like XRP could be if Bitcoin were to reach this level. XRP currently has a market cap of $33 billion and a fully diluted cap of $58 billion, ranking it as the seventh-largest cryptocurrency.
XRP Price If Bitcoin Hits $13M
Notably, it is challenging to predict precisely the potential value of XRP with Bitcoin at $13 million. However, using Bitcoin’s proportional growth could provide an estimate.
Since reaching $13 million would require Bitcoin’s value to increase by 215-fold, applying a similar growth rate to XRP suggests a price of around $126.60, up from its current price of $0.5861.
Essentially, this assessment suggests XRP could be worth over $126 in two decades if Bitcoin reaches $13 million.
However, XRP has a history of outperforming Bitcoin during booming markets, although in more recent times, Bitcoin has outperformed XRP. This suggests that while proportional growth puts XRP at $126, the actual value of XRP could even be double that value by 2045 or less.
Interestingly, some analysts in the XRP community believe that XRP’s value could surpass $126 by next year. This further suggests that by 2045, XRP’s value could be significantly higher than $126, according to popular sentiment among ambitious market watchers.
Disclaimer: 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’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
