A senior contributor at Forbes believes accelerating institutional adoption could push digital assets like Bitcoin and Ripple (XRP) into unprecedented rallies over the coming years.
In a recent analysis, Billy Bambrough cited Bitcoin already doubling in value over just six months amidst a mounting bullish run. He observed the broader tide lifting alternative cryptos like XRP 26% higher in tandem, from $0.4744 last September to currently hovering around $0.6.
Also read: Ripple: XRP Surges to $0.6: Eyes $1 Next
But per Bambrough, analysts broadly agree both assets still stand remarkably early in their adoption lifecycles. Bernstein researchers specifically forecast Bitcoin to reach $150,000 within just 18 months thanks to an impending “unprecedented institutional adoption” wave.
How high can XRP go if Bitcoin surges to $150,000?
The optimistic outlook ties into the counterintuitive price gains that Bitcoin has historically registered, leading to past reward-halving events like the upcoming 2024 event.
Citing extreme one-day volume exceeding $2.4 billion this Monday across nine recently licensed crypto ETFs, data from Bloomberg’s Eric Balchunas suggests demand vastly outstrips early expectations. The powerful flows imply growing conviction in blockchain’s long-term trajectory amongst institutions presently.
Also read: Ethereum: Your ETH Investment in Nov 2022 Would Be Worth This Much
Given that Bitcoin sits around $61,600 at the moment, surging 140% to the $150,000 milestone by 2025 could prove feasible with the right factors, according to forecasters.
By comparison, similar percentage gains for XRP versus today’s $0.59 could feasibly position prices around $1.43 in the coming years if the bull run achieves escape velocity into 2025 and beyond.
According to CoinGecko data, XRP is up by 9% in the last seven days and 15.5% in the last 30 days. Additionally, XRP has surged 54% year-to-date. The ongoing SEC lawsuit stifled XRP’s growth. A positive outcome for the prolonged lawsuit could end up being fruitful for Ripple.
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