A leading market analyst is warning XRP holders that the dream of a $1,000 price is very far-fetched. Expert Tony The Bull stated that these figures are simply unreasonable, and reaching such a level would require a value leap that would shock the economy.
According to him, the market capitalization at this price would not only surpass major companies and industries but would also exceed the economy of an entire nation. He calls this price an "illusory valuation" and emphasizes that the market will not witness it by 2030.
Why the $1,000 XRP Price Challenges Economic Reality
Tony The Bull explains that a price of $1,000 for XRP would create a market capitalization so large that it could completely change the global financial landscape. At that level, XRP would be worth four times the total market capitalization of gold. To put it into perspective, gold is considered one of the most valuable and stable assets in the world, but the value of this cryptocurrency would have to increase fourfold.
One XRP worth $1,000 would give it a market capitalization fifteen times that of Apple, the most valuable publicly traded company on the planet. According to Tony, this valuation exceeds the current or near-future market's ability to support such a figure.
On a global scale, it would equal half of the total global GDP. In other words, half of the economic activity on Earth would have to be balanced by a single cryptocurrency, which has never happened in history.
This market expert also points out that this assumed market capitalization would also equal half the value of the entire global stock market. This means that XRP alone would have to be worth half the value of all listed companies combined. Tony emphasizes that these comparisons show that the $1,000 target is not only ambitious but also far beyond the actual market conditions.
Expert Calls $1,000 XRP Target "Illusory Price"
Because of these staggering figures, Tony does not hesitate to call the $1,000 prediction an "illusory price." Looking at the reality, the global economy, asset values, and the structure of the cryptocurrency market simply do not align with such a price for XRP.
He added that this cannot happen by 2030, no matter how optimistic some investors may be. Even with strong market performance, growth, and acceptance levels, the gap between reality and the $1,000 price is still too wide to close in the near future.
For those holders still clinging to hopes of reaching that figure, Tony has straightforwardly checked the reality. They may have to hold onto their investment for an entire generation, decades of waiting, and even then, there's no guarantee they will reach that level.
Tony wants to bring the conversation into a more realistic realm rather than hype it up. While optimism is common in the cryptocurrency world, he believes investors also need to be realistic about what is possible and what is not. For XRP, the dream of $1,000 may still just be a dream.