Xena, a respected voice in the XRP community, has set a bold target. She says that if Bitcoin can reach $1 million, then XRP could soar to $1,000.

Based on reports from the XRP camp, she argues that hitting that milestone would turn many ordinary investors into millionaires rather than Bitcoin's $1 million milestone.

The Potential Millionaires of XRP

According to Xena's calculations, you could buy 1,000 XRP tokens for about $2,960 today, as each token is trading at $2.97. If XRP rises to $1,000 per token, then that position would be worth $1 million.

Compared to Bitcoin. At the current price of $114,500, that $2,960 only buys about 0.025 BTC. If Bitcoin then rises to $1 million, that amount would increase to about $25,860.

Reports reveal that the total supply of XRP is 100 billion tokens, with about 59 billion tokens currently in circulation. To reach $1,000 for each token, the market capitalization of XRP would need to rise to about $59 trillion.

In contrast, Bitcoin has a total supply of 21 million coins and needs a market capitalization of nearly $20 trillion to reach a price of $1 million. The entire cryptocurrency market today is just over $2 trillion. This means that XRP needs to increase 300 times, while Bitcoin needs to rise about 9 times.

Investor interest and adoption

According to Tom Lee of Fundstrat, Bitcoin is regarded as a digital safe haven similar to gold, with targets of $150,000 and $500,000 within five years.

Based on reports from ARK Invest, CEO Cathie Wood has raised the Bitcoin target from $1 million to $1.5 million by 2030, citing an increasing interest from large institutions.

Founder of strategy Michael Saylor even stated that Bitcoin could reach an astonishing $13 million by 2045. Author Robert Kiyosaki predicts Bitcoin will hit $1 million by 2035, pointing to the rising public debt and financial strain in the United States.

For his part, Bitcoin supporter Samson Mow, CEO of JAN3, has reiterated his prediction that Bitcoin will reach $1 million this year.

Ambitious goal

Even with these optimistic forecasts, the road to such heights still faces many obstacles. XRP is facing legal and regulatory challenges related to the issuing entity. This cryptocurrency also lacks the broad ETF market that Bitcoin has.

Daily investors may see the number of XRP tokens increase, but large profits often come with high risks. Betting on a 300-fold increase is a very different game compared to a 9-fold increase.

Whether XRP will ever reach $1,000 remains to be seen. The calculations may indicate that more millionaires will emerge if that happens. However, growth on such a scale will require widespread acceptance and new capital. Currently, both of these digital assets still have a long way to go before achieving these ambitious goals.