David Schwartz Questions $10,000 XRP Price Predictions
- David Schwartz, former Ripple CTO, challenges the idea of XRP reaching $10,000 by questioning the lack of significant capital investment at its current price.
- XRP is currently trading at $1.41 with a market cap of $86.7 billion and a circulating supply of about 61.8 billion tokens.
- A valuation of $10,000 per XRP would imply a market capitalization around $618 trillion.
- Schwartz denies any restrictions on discussing XRP or Ripple and dismisses claims of an undisclosed mechanism to boost prices.
David Schwartz’s comments highlight skepticism over extreme XRP price predictions due to the absence of significant investment reflecting such forecasts. He emphasizes that even a slight belief in these projections should result in higher current prices.
Despite ambitious forecasts within the community, Schwartz’s perspective suggests that realistic market behavior does not support such high valuations for XRP. (Source)
