The Millionaire Promise of XRP Worth $1,000: Truth or Illusion?

Xena, a reputable voice in the XRP community, has set a bold target. She stated that if Bitcoin can reach 1 million dollars, then XRP could skyrocket to 1,000 dollars. Based on reports from the XRP camp, she argues that reaching that milestone will turn more ordinary investors into millionaires than the one million dollar milestone of Bitcoin. The Potential Millionaires of XRP According to Xena's calculations, you can buy 1,000 XRP tokens for about 2,960 dollars today, as each token is trading at 2.97 dollars. If XRP rises to 1,000 dollars per token, then that position would be worth 1 million dollars. Compared to Bitcoin. With the current price at $114,500, that $2,960 can only buy about 0.025 BTC. If Bitcoin then rises to $1 million, that amount will increase to about $25,860. Reports reveal that the total supply of XRP is 100 billion tokens, with approximately 59 billion tokens in circulation. To reach a price of $1,000 per token, the market capitalization of XRP would need to increase to around $59 trillion. On the contrary, Bitcoin has a total of 21 million coins and requires a market capitalization of nearly 20 trillion dollars to reach a price of 1 million dollars. The entire cryptocurrency market currently is just over 2 trillion dollars. This means that XRP needs to increase in price by 300 times, while Bitcoin needs to increase by about 9 times. The interest and adoption of investors According to Tom Lee of Fundstrat, Bitcoin is seen as a digital safe haven similar to gold, with a target of reaching $150,000 and $500,000 within five years. According to a report from ARK Invest, CEO Cathie Wood has raised the Bitcoin target from 1 million dollars to 1.5 million dollars by 2030, citing increasing interest from large institutions. The founder of the strategy, Michael Saylor, even stated that Bitcoin could reach an astonishing level of 13 million dollars by 2045. Author Robert Kiyosaki predicts that Bitcoin will reach 1 million dollars by 2035, pointing out the increase in public debt and financial stress in the United States. As for himself, Bitcoin supporter Samson Mow, CEO of JAN3, reiterated his prediction that Bitcoin will reach 1 million dollars this year. Ambitious goal Even with these optimistic forecasts, the path to reaching such peaks still has many obstacles. XRP is facing legal and regulatory challenges related to the issuer. This coin also lacks the broad ETF market that Bitcoin has. Daily investors may see the number of XRP tokens increase, but large profits often come with high risks. Betting on a 300-fold increase is a very different game than a 9-fold increase. Whether XRP will ever reach 1,000 dollars remains to be seen. Calculations may suggest that many more millionaires will emerge if that happens. However, growth on such a scale will require widespread adoption and new capital. Currently, both of these digital assets still have a long way to go before achieving these ambitious goals.