Ripple (XRP) Price Potential If Bitcoin Hits $1 Million (ChatGPT Speculates)

Below, we take a look at ChatGPT’s breakdown and analysis on the question of how high XRP can go if the price of Bitcoin reaches $1 million.

The BTC price prediction of one million dollars was made by the popular analysis company Bernstein Research.

As CyrptoPotato reported in early June, Bernstein analysts predicted that BTC could reach $200,000 by the end of 2025. Experts further expect the cryptocurrency to reach $1 million by 2023, highlighting :

“We believe bitcoin is in a new bull cycle. The ‘halving’ presents a unique circumstance, where the natural bitcoin selling pressure from miners is halved (or even more, as they invent more in anticipation), while new catalysts for bitcoin demand emerge, leading to exponential price movements.”

But how might this affect other altcoins, especially Ripple’s XRP? Let’s examine what ChatGPT has to say.

XRP Price Potential: Factors to Consider

First of all, ChatGPT stipulates that the price potential of XRP if Bitcoin reaches $1 million is highly speculative and depends on numerous factors.

This includes:

Market correlation

The chatbot explains that “Historically, the price of altcoins like XRP has been correlated with Bitcoin. If Bitcoin reaches $1 million, the entire cryptocurrency market is likely to experience significant growth.”

2. Proportionality of market capitalization

ChatGPT also argues that it is important to consider what proportion of Bitcoin’s market cap XRP would capture and assumes a proportionality of around 10%.

3. Adoption and use case

According to the AI-based language model, the price of XRP will also depend on its adoption rates and use case, especially when it comes to cross-border payments and different collaborations with financial institutions.

So what about the XRP price?

ChatGPT assumes three scenarios. In the first, XRP’s market cap is roughly 10% of Bitcoin’s and it also assumes that 100 billion XRP will be in circulation. With this in mind, the bot says that XRP may reach a price of $21.

The second scenario is in case of increased market share where XRP captures 20% of Bitcoin’s market capitalization, in which case the price would be double the previous one: $42.

The last scenario offered by ChatGPT is “optimistic” and is based on extreme optimism, significant adoption and positive developments. In this case, XRP could capture 30% of Bitcoin’s market cap and be worth around $63.

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