CryptoGuard Chief Operating Officer Matthew Brienen is demonstrating considerable confidence in XRP. Speaking during the first episode of the “Ask Matty Show,” Brienen explained that he is convinced that XRP is likely to surge to a high of $1,000. His remarks occur at a time when the altcoin remains the world’s fourth-largest cryptocurrency by market capitalization.
Brienen further divulged that half of his private crypto collection is XRP. Although he refused to cite the precise quantity of tokens in his ownership, he declared that he started buying the altcoin incrementally beginning from 2020.
Short- And Long-Term Plans For His XRP Holdings
Matthew Brienen clarified that he has varying aspirations for XRP in the future. Short term, he aims to liquidate the majority of his holdings in the next few years. He indicated the 2024-2025 bull cycle as a period when he would likely take profits and unwind his exposure.
In the longer term, Brienen plans to hold a smaller portion of XRP in his portfolio for five to 10 additional years. He is counting on the crypto’s increasing adoption in cross-border payments to drive its price higher in the future. Brienen pointed out that XRP transactions are quick, settling in under five seconds, and only costing a fraction of a penny.
Forecast: $100 Or Even $1,000
Brienen didn’t stop at short-term plans. He went on to predict that XRP could climb to between $100 and $1,000 within the next 10 years. With XRP trading around $2.05 at the time of his comments, reaching $100 would require a jump of about 4,770%, and hitting $1,000 would mean a surge of roughly 48,600%.
From these figures, an investment of 5,000 coins worth roughly $10,250 at current levels would be worth $500,000 at $100 prices, or $5 million at $1,000 prices.
XRP Market Cap Would Have To Experience Dramatic Expansion
If XRP goes to $100, its market cap would increase to around $5.84 trillion with the circulating supply remaining constant. If it goes to $1,000, its market cap would burst to nearly $58 trillion. These are values that would have XRP’s value far exceeding today’s entire global economy.
Despite the humongous climb needed, Brienen indicated he feels the $1,000 goal is achievable. He did not promise it would occur, but he indicated he sees a scenario where XRP’s technology and speed of payment could fuel long-term development.
Featured image from Blockzeit, chart from TradingView
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