Ripple CTO Emeritus David Schwartz has asserted that XRP is more likely to overtake Bitcoin in market capitalization through its own price surge rather than a decline in Bitcoin’s value. Schwartz made these remarks during a recent discussion on X Spaces, drawing rapid attention from XRP advocates and wider crypto observers.
Schwartz discusses XRP’s prospects
During the live X Space, moderator ILLY opened the conversation by sharing his view that XRP could one day surpass Bitcoin by market cap. Schwartz responded by highlighting the importance of understanding the underlying causes that might drive such a shift.
He addressed whether this transition would result from an increase in XRP’s price or a significant drop in Bitcoin’s value. Schwartz then clarified his perspective, noting that an independent rally in XRP presents a more plausible scenario.
It is more likely that XRP flips Bitcoin due to a surge in the price of XRP rather than the collapse of Bitcoin.
Schwartz further added, “I honestly have to say, I think XRP surging is probably more likely than not,” emphasizing his view that growth on XRP’s side would be the main factor behind any potential overtaking.
Industry expertise shapes opinion
The significance of Schwartz’s comments lies in his pivotal role as an architect of the XRP Ledger. As a key developer behind the underlying technology, his insights carry additional weight compared to broader community speculation.
In previous appearances, Schwartz argued that current XRP prices do not reflect its potential, though he avoided specifying targets or forecasts. He underlined that a scenario where XRP gains ground through active growth, rather than Bitcoin falling away, aligns more closely with how market leaders typically change position in other industries.
Examples offered during the discussion included the possibility that Bitcoin could see some setbacks as XRP closes the gap, but Schwartz continued to highlight the more likely scenario being a positive run for XRP itself. Community members reacted both with agreement and surprise at his public stance.
Community and market response
The XRP community was quick to engage. Some participants viewed Schwartz’s comments as confirmation of long-held expectations. One commenter described the discussion as an important moment, noting the rarity of such direct statements from Schwartz.
Schwartz’s direct engagement with the question of whether XRP can overtake Bitcoin has sent a clear signal to many in the community.
Others remarked on the openness of the remarks, considering them a rare public endorsement of XRP’s long-term potential to outpace existing market leaders. Schwartz refrained from making aggressive predictions, maintaining instead that the XRP ecosystem has the foundation to mount a strong challenge in the evolving cryptocurrency landscape.
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The source and its impact
David Schwartz’s experience spans years of direct involvement with Ripple and the design of the XRP Ledger. His willingness to publicly state that an XRP price surge remains the likeliest route to a market capitalization flip brought cautious optimism to sections of the community.
Analysts note that while many have speculated about a shift in the market cap hierarchy, such opinions from foundational figures in digital asset development tend to focus attention and spark debate across the industry. Schwartz’s remarks represent a technical vote of confidence in XRP’s future prospects, delivered by one of its core creators.
