$XRP XRP could reach a three-digit figure if the cryptocurrency market maintains its current dynamics when Bitcoin's market value hits 200 trillion dollars as predicted by the CEO of Blockstream.
Despite the ongoing uncertainty in the market, cryptocurrency investors have maintained their optimism about their assets, including XRP, with increasing confidence. One of the main reasons behind this confidence is the series of bullish forecasts surrounding the global cryptocurrency market.
The CEO of Blockstream believes that the market value of Bitcoin will reach 200 trillion dollars.
For example, Adam Back, co-founder and CEO of Blockstream, a Bitcoin-focused technology company, recently suggested that Bitcoin could demand a massive market value of 200 trillion dollars. According to him, this growth could be driven by the activities of Michael Saylor's Strategy and other companies focused on accumulating Bitcoin.
Notably, public and private companies have purchased 1.119 million Bitcoins, representing 5.33% of the total Bitcoin supply, over the past years. The value of these tokens is currently 105 billion dollars at the time of publication, with Strategy holding the largest share, having a balance of 553,555 Bitcoins worth 52.26 billion dollars.
Back believes that this increasing trend of accumulation could lead to what he calls Bitcoin supercycle, contributing to a massive surge in its price and market value. However, if Bitcoin ever claims the expected market value of 200 trillion dollars, representing a 10,595% increase from the current figure of 1.87 trillion dollars, alternative coins like XRP would benefit.
