Crypto Bull: XRP Will Make More Millionaires Than Bitcoin Ever Did

Cryptocurrency proponent Amonyx has publicly expressed confidence in XRP’s potential to generate more millionaires than Bitcoin has in its history.

Over the past year, Bitcoin’s price has increased by approximately 81% while XRP has seen a 444% gain. In the past month, Bitcoin rose by around 11 percent compared to XRP’s 34 percent, and in the past week, Bitcoin appreciated 7 percent while XRP climbed 26 percent.

These figures from CoinMarketCap illustrate XRP’s superior percentage gains relative to Bitcoin in the short and medium term, potentially providing a foundation for Amonyx’s perspective.

Skepticism About Supply and Market Cap

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-6a57f7be-8f6e-4deb-ae2c-5477f86653a5"]{width:320px;height:100px;} } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-6a57f7be-8f6e-4deb-ae2c-5477f86653a5"]{width:728px;height:90px;} }

He stated that for XRP to make all of its holders millionaires, the total market capitalization would need to exceed the value of all global assets, which he considered implausible. DeVault also suggested that widespread millionaire status would erode purchasing power, diminishing the value of wealth.

He criticized the focus on market capitalization as misguided, arguing that XRP’s utility and demand could sustain its value growth, unlike what he characterized as a speculative asset with no use case.

Debate Over Scarcity and Utility

Current Market Context

The exchange reflects a broader conversation in cryptocurrency circles about the roles of utility, scarcity, and market mechanics in determining value. While Bitcoin continues to lead the market by overall capitalization and remains known for its fixed supply, XRP has demonstrated significant price momentum, particularly over the past year.

Supporters, such as Amonyx, point to its utility in cross-border payments and strong relative price performance as indicators of its potential to transform wealth generation in the sector.

With XRP outperforming Bitcoin in percentage terms across multiple timeframes, advocates argue that it remains undervalued relative to its use case and adoption prospects. Skeptics, however, emphasize the challenges posed by its larger circulating supply and question whether it can sustain a trajectory capable of making as many millionaires as Amonyx predicts.

The debate underscores divergent views on what ultimately drives value in digital assets. While no consensus emerged from the discussion, Amonyx’s confidence in XRP’s future remains clear and continues to draw attention as both assets post notable gains in the current market cycle.

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.*