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Will XRP Surpass Bitcoin? Analysts Explain Why Ripple Could Become the New King
Cryptocurrency analyst and YouTuber Matthew Perry believes that XRP is on track to surpass Bitcoin in value, utility, and dominance. In a recent video, he responded to the ongoing skepticism surrounding his bold prediction, stating that XRP is not just another altcoin but a future leader in the cryptocurrency space. He argues that XRP will ultimately be worth more than Bitcoin, not because Bitcoin will fall, but because XRP will rise much higher. Ripple Price Outlook Compared to Bitcoin Matthew Perry made it clear that his belief in XRP does not stem from a dislike of Bitcoin. Instead, he argued that Bitcoin no longer holds the revolutionary appeal it once did. According to him, Bitcoin was initially created to disrupt the entire financial system but has failed to meet those expectations in terms of real-world utility. He sees XRP stepping into that role with more scalable and efficient solutions. Perry emphasized that he does not actively invest in Bitcoin, except for a small amount earned through referral rewards. He focuses on XRP, which he believes will achieve significant returns based on its use case in payments and global finance. The Price Potential of XRP and Market Comparison In the video, Perry provided a snapshot of the current cryptocurrency market. He pointed out that the total cryptocurrency market is valued at around $3.26 trillion, of which Bitcoin holds over $2 trillion. Ethereum is valued at around 300 billion dollars, Tether at 155 billion dollars, and XRP at 125 billion dollars. Despite XRP's current position, Perry has predicted the long-term valuation of XRP to be between 3 to 10 trillion dollars, solely based on its increasing usage. He believes that XRP will eventually surpass not only Bitcoin but also Ethereum and other top assets in terms of market capitalization growth due to its utility. Why XRP Has an Advantage Perry explained that the true power of XRP lies in its ability to process transactions quickly and without intermediaries. While U.S. bank transfers may seem instantaneous, they actually take 3 to 5 business days to settle. In contrast, XRP allows for real-time money transfers at a speed of 1,000 to 1,500 transactions per second. With payment channels, this can scale up to 90,000 TPS. Compared to Bitcoin, it still takes about 15 minutes to settle transactions, and Ethereum or Solana, which are faster but lack the reliability and infrastructure supporting XRP, Perry argues that XRP is significantly more suitable for real-world payment solutions. He also emphasized that Ripple, the company behind XRP, is a US-based entity that is trusted by US institutions. In his view, this reinforces the legitimacy of the project, especially in the eyes of governments and regulatory agencies. Ripple, SEC And The Future Of XRP Perry also discussed the impact of the legal battle between the SEC and Ripple. Although the lawsuit has delayed the rise of XRP, he believes that in the end it has brought more attention and credibility to the project. According to him, the SEC may have tried to prevent XRP from gaining momentum as it was positioned to become a major force in global finance. In the long run, Perry predicts that XRP will not only compete with Bitcoin but also lead the market. He believes that XRP has the potential to become a dominant global currency, capable of replacing the US dollar in terms of reach and utility. He remains steadfast in his forecast, declaring that even if it takes a decade or longer, the time for XRP will come. Matthew Perry's view is clear: XRP will be worth more than Bitcoin, not by coincidence but due to practical applicability, superior trading infrastructure, and a reliable platform.