CryptoGuard CEO Matthew Brienen is showing considerable confidence in XRP. Speaking in the first episode of the 'Ask Matty Show', Brienen explained that he believes XRP has the potential to soar to as high as $1,000. His comments came at a time when this altcoin was still the fourth largest cryptocurrency in the world by market capitalization.

Brienen further reveals that half of his personal cryptocurrency collection is XRP. Although he declined to specify the exact number of tokens he owns, he stated that he began purchasing this altcoin in batches starting from 2020.

His short-term and long-term plan for his XRP holdings

Matthew Brienen clarified that he has various ambitions for XRP in the future. In the short term, he aims to liquidate most of his holdings in the coming years. He points to the 2024-2025 bull cycle as the period when he is likely to take profits and free up his investment.

In the long term, Brienen plans to hold a small portion of XRP in his portfolio for the next five to ten years. He is looking forward to this cryptocurrency becoming increasingly adopted in cross-border payments to drive its price higher in the future. Brienen points out that XRP transactions occur quickly, completed in less than five seconds and cost only a fraction of a cent.

Forecast: $100 or even $1,000

Brienen does not stop at short-term plans. He continues to predict that XRP could rise from $100 to $1,000 within the next 10 years. With XRP trading around $2.05 at the time he made his comments, reaching $100 would require a leap of about 4,770%, and reaching $1,000 would mean a surge of about 48,600%.

From these figures, a $5,000 investment worth about $10,250 at current prices would be valued at $500,000 at $100 or $5 million at $1,000.

The market capitalization of XRP will have to undergo significant expansion

If XRP reaches $100, its market capitalization would rise to about $5.84 trillion with a constant circulating supply. If it reaches $1,000, its market capitalization would explode to nearly $58 trillion. These are values that would push XRP's worth far beyond the entire global economy today.

Although a massive climb is needed, Brienen stated that he feels the $1,000 target is achievable. He does not promise that it will happen, but he said he sees a scenario where XRP's technology and speed of payment could drive long-term growth.