ETH couldn't do it, but can XRP? Ripple veteran David Schwartz recently said quite convincingly that XRP could eventually overtake bitcoin by market capitalization. However, he outlined the significance of the right conditions and that such a development wouldn’t come from BTC’s deterioration. As such, we decided to go a bit deeper into the numbers and see what actually has to happen for Ripple’s token to emerge ahead of the current market leader. Can XRP Overcome BTC? The cryptocurrency community has long been dabbling with the question of whether (at least) one altcoin can replace BTC as the largest digital asset by market cap. For almost a decade, that alt representative was Ethereum (ETH), which didn’t exactly come close several years ago, but there was speculation about a potential Flippening. However, it never materialized. The focus has now switched to Ripple’s XRP. During a recent X Spaces discussion, longtime Ripple exec and XRP Ledger architect David Schwartz said he believes it’s possible for the cross-border token to surpass BTC in terms of market cap. Moreover, he noted that such a wild scenario wouldn’t transpire because bitcoin had collapsed; instead, he argued that ...
Could XRP Actually Flip Bitcoin? Former Ripple CTO Says Yes – But the Math Is Brutal
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