Cryptoguard Chief Operating Officer Matthew Brienen showed considerable confidence in XRP. Brienen spoke in the first episode of “Ask Matty Show” and said he firmly believed that XRP could soar to $1,000. His remarks came when Altcoin continued to be the fourth largest cryptocurrency in the world through market capitalization.
Brienen further leaked that half of his private cryptocurrency collection was XRP. Although he refused to quote the exact number of tokens in his ownership, he announced that he had gradually purchased altcoins starting in 2020.
Short-term and long-term plans held by XRP
Matthew Brienen clarified that he has different aspirations for XRP in the future. In the short term, his goal is to liquidate most of his shares in the next few years. He pointed out that the 2024-2025 Bull Cycle is a time when he may make a profit and relax his exposure.
In the long run, Brienen plans to hold smaller XRP in its portfolio for 5 to 10 years. He expects cryptocurrencies to increasingly be adopted through cross-border payments to increase their future prices. Brienen noted that the XRP transaction was quick and settled in five seconds, spending only a penny.
Forecast: $100 or even $1,000
Brienen didn’t stop short-term plans. He continues to predict that XRP may climb to between $100 and $1,000 in the next 10 years. With XRP trading around $2.05 at the time of comments, reaching $100 price will require about 4,770% growth, while reaching $1,000 price will mean about 48,600% growth.
From these figures, the current level of 5,000 coins has an investment value of about $10,250, a price of $100, a price of $5 million, and a price of $1,000.
XRP market value must experience dramatic expansion
If XRP reaches $100, its market cap will increase to $5.84 trillion, while the circular supply remains constant. If it reaches $1,000, its market value will explode to nearly $58 trillion. These values will make XRP worth far more than today’s entire global economy.
Despite the huge climb required, Brienen said he believes the $1,000 goal is achievable. He has no guarantee that this will happen, but he says he sees XRP’s technology and payment speeds that can drive long-term development.
Featured images from Blockzeit, charts from TradingView
