XRP price may soar to an audacious two-digit level if it attracts up to 2% of the $60 trillion within retirement accounts globally.
He noted several policy changes in the United States that could help bring in institutional money. He explained that the Federal Reserve recently ended its supervisory program on “novel activities,” which had placed limits on banks working with crypto
For context, Bitcoin currently has a market cap of $2.16 trillion, as it trades for $108,500. An increase in price to $175,000 would push its market cap to $3.483 trillion. This translates to an additional $1.323 trillion in value from the 2% allocation.
XRP Price If It Attracted a Similar Allocation
Meanwhile, although Miller focused on Bitcoin, the same scenario could have similar effects on altcoins like XRP. Currently, XRP has a market cap of $167 billion and trades at $2.82, with a circulating supply of roughly 59.48 billion tokens.
If it received the same $1.323 trillion boost Miller calculated for Bitcoin, XRP’s total value would reach about $1.49 trillion. At that level, the price would jump to nearly $25.
Notably, while such an allocation may sound far-fetched, some analysts already believe an XRP rally beyond $25 is feasible. For instance, market watcher EGRAG Crypto recently argued that XRP could rally as high as $27 this cycle, rejecting claims that it might only top out around $4.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Here’s XRP Price if It Attracts 2% Allocation from Retirement Accounts Globally
XRP price may soar to an audacious two-digit level if it attracts up to 2% of the $60 trillion within retirement accounts globally.
He noted several policy changes in the United States that could help bring in institutional money. He explained that the Federal Reserve recently ended its supervisory program on “novel activities,” which had placed limits on banks working with crypto
For context, Bitcoin currently has a market cap of $2.16 trillion, as it trades for $108,500. An increase in price to $175,000 would push its market cap to $3.483 trillion. This translates to an additional $1.323 trillion in value from the 2% allocation.
XRP Price If It Attracted a Similar Allocation
Meanwhile, although Miller focused on Bitcoin, the same scenario could have similar effects on altcoins like XRP. Currently, XRP has a market cap of $167 billion and trades at $2.82, with a circulating supply of roughly 59.48 billion tokens.
If it received the same $1.323 trillion boost Miller calculated for Bitcoin, XRP’s total value would reach about $1.49 trillion. At that level, the price would jump to nearly $25.
Notably, while such an allocation may sound far-fetched, some analysts already believe an XRP rally beyond $25 is feasible. For instance, market watcher EGRAG Crypto recently argued that XRP could rally as high as $27 this cycle, rejecting claims that it might only top out around $4.