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XRP Could Challenge Bitcoin With One Catch Ripple CTO emeritus David Schwartz (@JoelKatz) says ripple:native could eventually surpass Bitcoin bitcoin:native in market capitalization. But he says XRP would need to grow faster, rather than Bitcoin collapsing. Schwartz believes
David Schwartz, who is the former chief technology officer at Ripple, said on social media that XRP could eventually surpass Bitcoin in market capitalization. He added that this would require XRP to grow faster than Bitcoin, rather than Bitcoin's value collapsing.
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What happened
David Schwartz, who is the former chief technology officer at Ripple, said on social media that XRP could eventually surpass Bitcoin in market capitalization. He added that this would require XRP to grow faster than Bitcoin, rather than Bitcoin's value collapsing.
Confirmed
Global impact / market context
If XRP's value grows faster than Bitcoin's, investors might shift money from Bitcoin into XRP. That could change which digital asset is seen as the most valuable, affecting prices and where people choose to put their savings.
Analyst inference
Bitcoin is currently the largest digital currency by market value, which is the total worth of all its coins. XRP is smaller, so it would need a big increase in its price to catch up, which is a difficult but possible goal.
Analyst inference
What to watch
- Watch whether XRP's market value grows faster than Bitcoin's in coming months, since Schwartz said that is the main condition for XRP to take the top spot. Confirmed
- Investors could compare the daily price changes of XRP and Bitcoin to see if XRP is gaining ground, which would show if Schwartz's prediction is starting to happen. Proposed
- If XRP's growth speeds up, more people may buy it, pushing its price higher. But if Bitcoin also grows quickly, XRP will need even faster growth to overtake it. Analyst inference
Affected assets
- CTO — Vida Global CTO
- XRP — XRP
- BTC — Bitcoin