Cryptocurrencies to Invest In Immediately: Anticipated Gains of 140% and 580%, as Predicted by a Wall Street Expert
In the rapidly evolving world of cryptocurrencies, two digital assets, XRP and Bitcoin, are predicted to see significant growth by 2028-2030, according to financial experts Geoffrey Kendrick from Standard Chartered and David Puell from Ark Invest.
Geoffrey Kendrick, in his forecast, predicts that XRP will reach $12.50 by the end of 2028. Kendrick further suggests that XRP could surpass Ethereum’s market cap by 2028, making it the second-largest non-stablecoin digital asset behind Bitcoin.
On the other hand, David Puell from Ark Invest projects a long-term bullish forecast for Bitcoin, expecting it to reach $1 million by 2030. While the exact figure for Bitcoin in 2030 was not available in the provided search results, Puell’s forecast aligns with this mark, as Ark Invest has publicly shared such predictions elsewhere.
The XRP Ledger, a blockchain created by fintech company Ripple, is used to disrupt SWIFT, the system banks generally use to send money internationally. XRP transactions settle in seconds and cost a fraction of a cent, while SWIFT transactions may take days and incur larger fees. This speed and cost-effectiveness are central to the investment thesis for XRP, which focuses on its ability to facilitate fast and cheap cross-border transactions.
Bitcoin, the largest, most liquid, and best-known cryptocurrency, benefits from its status as digital gold. Its investment thesis centers on its role as a hedge against inflation and the devaluation of fiat currencies like the U.S. dollar. Bitcoin has advanced 13% while the U.S. Dollar Index has declined 10% year to date, reflecting this perceived value.
Institutional investors are increasingly comfortable owning Bitcoin, with the number of large asset managers with positions in the two most popular spot Bitcoin ETFs tripling in the past year. Companies like Strategy (formerly MicroStrategy) own 582,000 BTC, purchased at an average price of $70,086, and plan to invest another $56 billion through 2027. Other companies are following Strategy's example, including Mara and Semler Scientific, by adding Bitcoin to their balance sheets.
The tokenized assets market, which represents real-world assets as digital tokens on a blockchain, is expected to hit $19 trillion by 2030, according to Ripple. Guggenheim Treasury Service recently tapped the XRP Ledger to issue digital commercial paper, a fixed-income security. The pending approval of several spot XRP ETFs could lead to price appreciation for XRP, similar to Bitcoin's 125% gain after spot Bitcoin ETF approvals in 2024.
However, the volatility of cryptocurrency prices may deter financial institutions from adopting XRP as a bridge currency for cross-border payments. To surpass Ethereum's market value of $302 billion, XRP needs to climb 140%. This potential 140% implied upside, according to Geoffrey Kendrick, puts XRP at $5.10.
In conclusion, the bullish outlook from both experts for these major cryptocurrencies by 2028-2030 showcases a promising future for XRP and Bitcoin in the world of finance.
Technology plays a crucial role in the growth of XRP and Bitcoin, as it enables faster and more cost-effective international transactions. The tokenized assets market, projected to reach $19 trillion by 2030, could further boost XRP's value, particularly if pending spot XRP ETF approvals lead to price appreciation, similar to Bitcoin's in 2024. Institutional investors, including companies like MicroStrategy, are increasingly comfortable investing in Bitcoin, which is viewed as a hedge against inflation and fiat currency devaluation. This trend aligns with the long-term bullish forecast for Bitcoin, with David Puell predicting it could reach $1 million by 2030. The potential 140% implied upside for XRP, according to financial expert Geoffrey Kendrick, suggests that it could challenge Ethereum's market cap and surge to $5.10 by 2028.
