Ark Invest has predicted that Bitcoin could reach $2.4 million by 2030, potentially driving XRP up significantly if the trend continues. Current valuations indicate that XRP could climb to around $56.75 if Bitcoin hits this target. This surge could push XRP’s market cap above $3.3 trillion, influencing the broader crypto market. However, analysts caution that such predictions require careful consideration and thorough research before investment decisions are made.
XRP’s value could skyrocket if it mirrors Bitcoin’s upward trajectory, following a recent bullish forecast from Ark Invest. The firm, a leader in asset management, has revised its Bitcoin price predictions for the end of the decade and it’s making waves in the crypto community. According to their latest report in the “Big Ideas 2025” series, Ark Invest believes Bitcoin could hit a staggering $2.4 million by 2030.
In their analysis, worst-case scenarios suggest Bitcoin might hover between $300,000 and $500,000 by 2030, while the more realistic base case is an ascent to $1.2 million. Ark predicts a robust bull case bringing Bitcoin up to $2.4 million, reflecting an astounding compound annual growth rate of 73%. If Bitcoin indeed reaches $2.4 million, that represents a jaw-dropping 2,435% increase from its current approximate value of $94,000.
Such a dramatic surge in Bitcoin’s price would likely ripple across the entire crypto landscape, benefitting assets like XRP. Historical data from CoinMarketCap has shown that XRP often moves in tandem with Bitcoin, albeit with slight deviations here and there. Despite recent volatility in the markets, both cryptocurrencies have generally followed a similar path in the past month.
For context, Bitcoin’s price is up by 7.7% over the last week, while XRP has seen a 7.1% increase during the same timeframe. This close correlation can pose risks if Bitcoin begins to decline, but if Bitcoin surges, it bodes well for XRP as well. Therefore, a leap to $2.4 million for Bitcoin could naturally correlate to a substantial uptick in XRP’s valuation.
If Bitcoin achieves that ambitious price, XRP could see a 2,400% rise relative to its current price of $2.27—shooting XRP up to about $56.75. It’s worth mentioning that market analyst Cryptominder previously speculated that XRP could reach the $50 mark by 2030. However, analysts at Changelly suggest that it may take longer, estimating a peak of around $50.12 for XRP by February 2033.
A price of $56.75 would also inflate XRP’s market cap to an eye-watering $3.3 trillion, exceeding the current crypto market cap as a whole. As of now, XRP holds a market dominance of 4.55%. If this rate holds steady while XRP achieves $56.75, the entire crypto market cap could hit $72.53 trillion, leaving Bitcoin’s market cap at about $46.6 trillion, assuming it retains its dominant share of 64.23%.
It’s crucial to underline that this content is purely informational and should not be construed as financial advice. The opinions shared here may reflect individual perspectives rather than the stance of The Crypto Basic. Readers are strongly advised to conduct their own extensive research prior to making any investment resolutions. The Crypto Basic does not assume any responsibility for incurred financial losses.
