Patrick Bet-David, American entrepreneur and podcaster has touched on a critical topic amongst the crypto investing community surrounding XRP.
The host of Valuetainment notions XRP has the potential to skyrocket to $100 and even $1,000 per token.
His data is backed by a report provided by crypto analysts in the scenario that the cryptocurrency class were to replace SWIFT and FEDNA.
Patrick Bet-David on XRP
“XRP’s ledger processes transactions in 3-5 seconds at nearly no cost, making it significantly faster and cheaper than SWIFT.
So, SWIFT processes $5 trillion dollars daily, or $1.25 quadrillion annually. If XRP captures 5%-10% of volume, let’s just say 10% of the volume, $125 trillion annually, the demand for XRP [by the way could be any of these other technologies we’re talking about], analysts estimate that a $10 trillion market cap could push XRP’s price to $100 per token, with full replacement potentially driving it up to $1,000.”
It’s important to mention that Patrick Bet-David is not loyal to just one specific cryptocurrency, but rather diversified and curious about the best upcoming opportunities.
With this in mind, he provides great insights into researching XRP and for investors to do their own due diligence.
What Bet-David finds fascinating is that president of the United States Donald Trump has shown great allegiance to Ripple Labs and XRP, specifically pointing out how XRP was the first cryptocurrency asset Trump mentioned in his US Crypto Reserve plan.
“You know what’s the first cryptocurrency he puts in there? It’s not Bitcoin, it’s not Ethereum, it’s not Cardano, the first one he puts in there is XRP Rippke — why?” Bet-David remarks.
Can XRP Hit $100 or $1,000?
Patrick Bet-David and crypto analysts aren’t the only ones who have come across an XRP price prediction of $100.
We have previously reported that AI Grok is predicting XRP to hit $100 by the year 2030, you can read the full details here.
Investors will need to keep a close eye on the Cryptocurrency market as well as the latest XRP news and developments to see how this new chapter in the crypto world unfolds under the Trump administration.
While it is possible for XRP to hit $100 and even $1,000, it will require significant adoption from the financial industry for the cryptocurrency asset to hit such a remarkable triumph.
Investors will need to keep an eye out for the latest developments surrounding the XRP saga.
Luckily for you, Daily Market News by Frank Nez is an approved and official CoinMarketCap news source, known and trusted by millions of investors in the financial markets.
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The price of XRP is currently trading at $2.23 at the time of this writing.
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Also Read: SEC Preparing to End Lawsuit Against Ripple: A Bullish Signal for XRP
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