Crypto influencer Amonyx has boldly claimed that XRP will create more millionaires than Bitcoin ever did.
To highlight his conviction, Amonyx challenged the crypto community to bookmark his statement and revisit it in the future.
Notably, the idea that XRP could make its holders millionaires has long been a recurring theme within the XRP community. Many believe the coin is still in its early stages, currently trading around $3, compared to Bitcoin, which trades in the six-figure range.
They expect a future where XRP’s price could rise dramatically, rewarding today’s patient holders in a similar fashion to Bitcoin’s early adopters.
Bitcoin Created Millionaires and Billionaires
Bitcoin has risen from under $0.05 to over $123,000 in the span of 15 years. This delivered an extraordinary 245,999,900% return on investment for those who bought at its lowest point.
Indeed, Bitcoin’s rise has created thousands of millionaires and even billionaires over the past decade, cementing its status as the most successful wealth creator in crypto history. This is further confirmed by numerous wallets inactive since the Satoshi era increasingly becoming active to realize their long-standing gains.
For example, on July 4, Whale Alert reported the reactivation of a wallet containing 10,009 BTC, now worth approximately $1.2 billion, after 14.2 years of dormancy. Back in 2011, the same portfolio was worth just $33,994.
Given these massive profits, XRP investors hope to experience a similar success. Meanwhile, Amonyx’s statement suggests that XRP might even outdo Bitcoin’s record.
XRP’s Ongoing Narrative
Notably, the XRP community has long viewed the asset as undervalued due to regulatory pressures and alleged market suppression. Now that Ripple’s legal battle with the SEC has concluded, many believe the asset is finally in a position for the breakout they’ve been waiting for.
What Would It Take for XRP to Outdo Bitcoin’s Success?
For XRP to outperform Bitcoin in millionaire creation, the token would likely need to reach five-digit price levels, above $10,000. At that valuation, investors who bought XRP around $0.005 in early 2017 would see returns exceeding 199,999,900%.
Indeed, there has been intense discussion in the XRP community about the possibility of reaching $10,000. Some are even beginning to entertain a $20,000 price target.
However, reaching such lofty prices is highly disputed. With a circulating supply of 59 billion tokens, a $10,000 price would imply a total market cap of over $590 trillion. This far exceeds the entire estimated global wealth. Accordingly, many critics dismiss such projections as unrealistic.
Bitcoin, on the other hand, has a significantly lower supply of around 19.89 million coins. This scarcity supports its current $2.2 trillion market cap at unit prices above $120,000, a valuation comparable to major companies like Apple, Google, and established financial assets like gold.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
