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JAN3 CEO Shows XRP Would Cost $5,800 for 1 Bitcoin-Sized Share, But Says It’s Not Worth It

Date:

April 21, 2025

to Bitcoin’s scarce model, he suggests they may be massively overvalued.

Mow Continues to Champion Bitcoin Over Altcoins

The Bitcoin maximalist’s conclusion was that instead of spending $5,800 to own a Bitcoin-equivalent slice of XRP, investors could instead purchase around 0.068 BTC worth $5,800 at Bitcoin’s price point of $85,000.

To Mow, this presents far better value and long-term security due to Bitcoin’s supply and decentralized foundation. His broader point is that many altcoins use high supply volumes to mask their true valuation, luring in investors with what appears to be low entry costs.

Mow’s recent commentary is consistent with his long-standing advocacy for Bitcoin and skepticism toward altcoins. He has repeatedly taken to public platforms to express his belief that Bitcoin is the only cryptocurrency worth holding for the long haul.

In May 2024, he reacted critically to the approval of Ethereum spot ETFs, emphasizing that altcoins do not contribute to Bitcoin’s growth. Earlier that year, he warned that altcoins like Solana were grossly overvalued, pointing out that their market cap had ballooned to $73 billion while MicroStrategy, a firm holding billions in Bitcoin, was valued at less than half that.

His criticisms have extended to XRP specifically. In a February 2025 interview, Mow included XRP and Solana among altcoins he believed were dramatically overpriced compared to their fundamentals.

However, despite XRP’s higher supply, some XRP proponents believe the asset has the potential to reach higher prices. For instance, predictions around the $100 price mark have consistently emerged. Notably, for BTC to deliver the same returns as XRP at $100, the crypto firstborn would need to rise to $4 million.