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.
