In a recent episode of the PBD Podcast, Patrick Bet-David, host of Valuetainment, discussed the potential for XRP to reach an ambitious four-digit figure.
In a recent episode of the PBD Podcast, Patrick Bet-David, host of Valuetainment, discussed the potential for XRP to reach an ambitious four-digit figure.
As reported by The Crypto Basic, the scenario was presented by analysts who are bullish on Ripple and XRP. According to Bet-David, if XRP were to replace traditional financial systems like SWIFT and FedNow, the demand for XRP could skyrocket, leading to a massive increase in its price.
According to the media personality, the analysts stated that currently, SWIFT handles $5 trillion daily, or 1.25 quadrillion annually. If XRP captured just 10% of this volume, it could see a market worth $125 trillion annually.
According to their analysis, such a massive volume would lead to a $10 trillion market cap for XRP. With a total supply of 100 billion tokens, the unit price of XRP could rise to $100.
However, the analysts noted that these figures are estimations and the actual price of XRP may vary depending on market conditions.
Moreover, the media personality noted that these analysts may have vested interests in Ripple and XRP. As a result, he cautioned that while the scenario is plausible, it is not guaranteed.
Nonetheless, Bet-David emphasized that this analysis presents a bold vision of the future for XRP. It suggests that if these developments come to pass, it could be a game-changer for the coin.
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