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Analyst Sets XRP Price Based On This Cathie Wood's Bitcoin Prediction
Financial expert Levi Rietveld released a video in which he responded to Ark Invest CEO Cathie Wood’s recent projection for Bitcoin.
He emphasized that if Bitcoin were to achieve that price level, XRP would likely exceed $100 per coin due to the volume of capital that would enter the markets at that time. Rietveld presented this view as a natural extension of how inflows into Bitcoin would spill over into other digital assets.
Cathie Wood’s Position on Bitcoin and Regulation
In the same video, Cathie Wood outlined her perspective on Bitcoin’s long-term trajectory. She highlighted the regulatory shift that has occurred in the United States, contrasting the approach of former Securities and Exchange Commission Chair Gary Gensler with the current environment.
Wood described the previous regulatory stance as hostile, while characterizing the present approach as more favorable. She specifically referenced MicroStrategy, calling it a “bet on Bitcoin” and underscoring the company’s influence in validating Bitcoin’s role as the leading digital asset.
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Wood added that Bitcoin now represents a gateway for institutional investors to enter the digital asset space. She referred to digital assets as a new asset class and explained that their integration into institutional portfolios marks a turning point for the market. She reiterated Ark Invest’s bull case for Bitcoin, which projects BTC to surpass $1 million.
Potential Benefits for XRP
Rietveld’s remarks connected Wood’s optimistic outlook for Bitcoin with potential benefits for XRP. He argued that the influx of capital into Bitcoin at those valuation levels would not remain isolated, and other assets such as XRP would experience significant appreciation as part of the market’s expansion.
By suggesting that XRP could rise above $100 under these circumstances, Rietveld positioned XRP as one of the assets likely to benefit from the institutional adoption of digital assets that Wood described.
The alignment of viewpoints between Rietveld and Wood underscores the broader relationship between Bitcoin’s market dominance and the performance of other cryptocurrencies.
Wood’s analysis situates Bitcoin as the entry point for institutional investment, while Rietveld extends this outlook to XRP by pointing to the potential redistribution of capital within the sector.
Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*