Bo Hines, Director of the President's Advisory Council on Crypto Assets, issued an ambitious outlook for the crypto market, with XRP benefiting from it.#BinanceHODLerTOWNS
In a recent interview, Hines suggested that the crypto market could reach a valuation of $15 trillion to $20 trillion in the coming years.
For context, the crypto market is currently valued at $3.87 trillion. At its historical peak in July, it reached $4 trillion, with XRP representing $216 billion and Bitcoin $2.4 trillion.
How Crypto Can Reach a Market Cap of $20T, According to Trump's Advisor #BTC
Trump's crypto advisor is projecting a massive expansion, up to 5x, for the market to reach a valuation of $20 trillion. Notably, this outlook is based on the recently approved GENIUS Act, a regulatory framework for stablecoins.
According to Hines, capital inflows into the digital asset ecosystem from stablecoin adoption could be immense. He sees the GENIUS Act as a fundamental modification that enables broader innovations, such as tokenized public securities and 24-hour financial markets.
He emphasized that access to U.S. capital markets will increasingly depend on dollar-backed stablecoins. As such, this trend could cement the U.S. leadership in digital finance.
Hines argued that the U.S. must take the lead in the global transition to digital asset technologies. He believes this leadership would not only fuel domestic innovation but also safeguard the U.S. economy and ensure long-term global competitiveness.
As Hines envisions the market reaching $20 trillion, many are now wondering what the price of XRP could be in such a scenario.
What Could Be the Price of XRP in a Global Crypto Market of $20T?
Currently, XRP controls 5.33% of the entire crypto market, giving it a market cap of approximately $180 billion. With a supply of 59.18 billion tokens, this results in a price of about $3 per XRP.
If XRP maintains its dominance of 5.33% and the overall crypto market grows to $20 trillion, XRP's market cap could rise to $1.06 trillion. Given today's circulating supply, this would translate to an XRP price of approximately $18.
Meanwhile, Bitcoin, currently commanding a market dominance of 61.83%, would maintain a much higher valuation and unit price in a $20 trillion market. If this dominance remains stable, Bitcoin would become a $12 trillion asset, with its price exceeding $620,000 per coin.
Could XRP's Value Be Even Higher?
This analysis assumes a hypothetical scenario in which crypto assets like XRP and Bitcoin grow proportionally with the rest of the market. However, this is rarely the case.
For example, XRP's dominance increased by 19.3% last week, indicating it outperformed many other crypto assets. Historically, XRP's market share has shown consistent growth, according to TradingView data.
This suggests that XRP could reach a higher market share and price point than $18 in a global crypto market valued at $20 trillion, especially if Bitcoin trades above $600K.
Although estimating the future price of XRP at such a valuation is challenging, some analysts have offered projections. For example, a report from Telegaon suggests that XRP could reach $36 when Bitcoin is trading at $620,000 by 2030.