- Crypto influencer Ben Armstrong prefers $117K worth of XRP over one Bitcoin
- XRP would need 12x gain to $39 price level to match Bitcoin’s market capitalization
- Armstrong cites banking integration and upcoming catalysts as growth drivers
Cryptocurrency influencer Ben Armstrong, known as BitBoy, has outlined his perspective on XRP’s potential to challenge Bitcoin’s market position.
In a recent video shared on X, Armstrong explored various interpretations of what it means for XRP to become the “next Bitcoin” while acknowledging the substantial challenges involved.
Armstrong clarified that the phrase “next Bitcoin” could carry multiple meanings, including surpassing Bitcoin by market capitalization, adoption rates, transaction speed, or decentralization metrics.
However, he focused primarily on market cap potential rather than expecting XRP to match Bitcoin’s price per token or decentralization characteristics.
Speed and Banking Integration Drive XRP’s Value Proposition
The influencer highlighted XRP’s transaction speed as a key advantage, noting settlement times of 7-30 seconds compared to traditional SWIFT network processing that can require 5-7 business days.
This efficiency positions the coin favorably for cross-border payment applications that Ripple targets through banking partnerships.
Armstrong observed XRP’s improving market position relative to other major cryptocurrencies. While Ethereum previously stood as the only serious challenger to Bitcoin’s dominance, XRP’s recent advance to $3 has positioned it approximately three times away from Ethereum’s market capitalization, while Ethereum remains roughly four times below Bitcoin.
Current market metrics show Bitcoin holding a $2.33 trillion market cap compared to XRP’s $180 billion valuation, creating a gap exceeding $2.1 trillion. For XRP to match Bitcoin’s market cap, the token would need to achieve approximately $39 per unit, requiring gains of roughly 1,200% from current levels.
From an investment perspective, Armstrong stated he would choose $117,000 worth of XRP over one Bitcoin if given the choice. He characterized Ripple coin as having “more juice in the tank” for potential price appreciation compared to Bitcoin’s current position.
The influencer identified upcoming catalysts including Ripple’s potential initial public offering and proposed XRP exchange-traded fund launches as factors that could boost market presence. These developments could provide institutional access similar to what Bitcoin has achieved through existing financial products.
Armstrong acknowledged the mathematical challenge facing the Ripple coin, noting that Ripple currently controls over 40% of the maximum token supply through 35.3 billion tokens in escrow and 4.959 billion in liquid holdings. This centralization concern contrasts with Bitcoin’s more distributed ownership structure.
