Bitcoin vs XRP, Which Will Have the Top Market Cap?
Crypto news right now is weird.
Bitcoin is about to break $100,000… wait, no it is going down to $70k, and that it will puncture through $100k and maybe $200k by the end of the year. (this is all speculation, but there really doesn't seem to be enough people screaming about it. Soooo, what would cause a delay in $100k?, well of course, a quick move down.)
XRP went to $1.00, took a breather, and now is on a tear to probably $2. It has already 2x this month.
Long ago, when XRP was $2 something, it actually flipped bitcoin for #1 in market cap. Will XRP beat bitcoin for the top market cap spot?
Is this comparison even important?
If they both go up, don't we both win?
Bitcoin future
Bitcoin has seemingly become the best store of value on the planet. It was supposed to be digital money, but it never evolved to be that, with its slow ass block times and tiny blocks. However, layer 2, the lightning network sorta makes it on par, or better than other coins.
Bitcoin has the most money transferred per month currently. And that is a big thing.
So, people expect bitcoin to go up and up and up.
People are also anticipating a supply crunch.
Saylor wants more bitcoin, ETFs want more bitcoin, and now govern-cements around the world are looking at acquiring bitcoin. Trump said he is going to have The US acquire a strategic bicoin reserve. However, all of these people have said that they are going to get so much bitcoin, and that number far exceeds the amount that comes from miners. Sooooo, price go up?
People are being conservative that we will break $100k before the end of the year, and $300k-$500k by the end of next year.
But, if their is a mad rush to own cryptos, than these number are rookie numbers.
If we need to suddenly start using crypto to make payments, then there is no dollar, and the price of bitcoin is undetermined.
XRP future
XRP is a weird coin.
The coin itself is finally starting to move up in price, like it was before Gary Gensler and the SEC squashed it. We may easily see a $10 XRP soon.
However, Ripple has gone around to lots of banks making lots of deals to do cross border payments, stable coins, and coins for central banks around the world. They have made a lot of arrangements and contracts.
But, the market cap of XRP is no where near high enough for all of them to start swapping moneys. So, there is a high likelihood that there will be a go signal. And XRP will jump up to $25, $50, $100, $1000 each depending on how much liquidity banks need to send the moneys that they do.
Ripple will set the internal amount per coin, so the banks can use it to swap currencies and such. But, will this internal amount affect the little bit of XRP that is out in the public? My guess is that some bank will want to get cheap XRP. If they have to buy it inside for $1000, and can get it outside for anything less, they will buy up all the can get. Unless they have rules against doing that.
And these rules about inside / outside XRP may make the XRP millionaires suddenly poor. We will see.
It is quite evident that XRP will be used by the banks and banksters. And so, the price of XRP will go sky high. But will it stay that way?
Banks vs Decentralized Crypto
The interesting thing, if you think about it is, Ripple is bringing banks into the 21st century. Replacing SWIFT with something that works, and works swiftly. While, at the same time, bitcoin is allowing people to be their own bank.
What happens with these two paradigms?
Well, over time, the decentralized system wins out. Because the banksters can't help but produce inflation and skim a percentage off every transaction. And they want absolute control of where, when and how people spend their money. All of these things push people out. To find alternatives. And each person out, makes it easier for the next to escape the system.
So, Ripple may be making the banking system finally work well. But, at the same time, it is going to get people used to using crypto. And then, crypto adoption happens. People leave the banking system. Become their own bank. And at some point, no one uses XRP.
The only thing for sure is we are into the next crypto bull run. (maybe, there are still some that are appropriately sceptic)
XRP is already beating bitcoin in percentage increase. But, so is DOGE. And, of course, almost every other alt, will outperform bitcoin. But, none of them will be worth a quarter million dollars each.
This is probably also the year that many alts die. Not sure what kind of bad things happen that washes out the garbage, but expect it coming.
I expect some really big pullbacks. I mean REALLY BIG pullbacks! But, i also believe that $100k will be the floor of bitcoin for forever more. (until 1 million bitcoin)
I really do not know about XRP or bitcoin. Bitcoin may become too big to actually allow any tiny accounts to move anything. And XRP could put itself out of business. Keep in eye on these probabilities.
XRP may flip bitcoin again for the #1 market cap price, however, they are two very different paradigms. And we probably really shouldn't be comparing them.