Cryptocurrency analyst and YouTuber Matthew Perry believes that XRP is on track to surpass Bitcoin in terms of 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 decline, 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 argues that Bitcoin no longer retains the revolutionary appeal it once had. According to him, Bitcoin was originally 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 yield significant profits based on its use case in payments and global finance.
XRP Price Potential 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, with Bitcoin holding over $2 trillion.
Ethereum is valued at around $300 billion, Tether at $155 billion, and XRP at $125 billion. Despite XRP's current position, Perry has predicted the long-term valuation of XRP to be between $3 trillion to $10 trillion, solely based on its increasing usage.
He believes that XRP will ultimately 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 explains that the true strength 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 speeds of 1,000 to 1,500 transactions per second. With payment channels, this can scale up to 90,000 TPS.
Compared to Bitcoin, which still takes about 15 minutes to settle transactions, and Ethereum or Solana, which have fast speeds but lack the reliability and supporting infrastructure of XRP, Perry argues that XRP is significantly better suited for real-world payment solutions.
He also emphasized that Ripple, the company behind XRP, is a U.S.-based entity trusted by U.S. institutions. In his view, this reinforces the legitimacy of the project, especially in the eyes of governments and regulators.
Ripple, SEC, and the Future of XRP
Perry also discusses the impact of the legal battle between the SEC and Ripple. Although the lawsuit has delayed XRP's rise, he believes it has ultimately brought more attention and credibility to the project. He argues that the SEC may have tried to prevent XRP from gaining momentum because 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 will also lead the market. He believes that XRP has the potential to become a dominant global currency, potentially replacing the U.S. dollar in terms of reach and utility.
He remains steadfast in his forecast, stating that even if it takes a decade or longer, XRP's time 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 foundation.