Here’s How Much XRP You Would Need to Surpass Elon Musk’s Wealth if XRP Ever Hits $2,000
The Crypto Basic 2 months ago
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How much XRP ($2.62) would you need to hold to surpass Tesla CEO Elon Musk's wealth if XRP ever claimed a lofty four-digit price?
While XRP currently trades for $3.1 with an impressive 447% increase over the past year, multiple market commentators insist it is largely undervalued. For instance, in May, Digital Ascension Group Managing Director Jake Claver suggested that XRP was still "heavily" undervalued.
Predictions of an XRP Surge to $100, $1,000, and Even $2,000
These market commentators often point to XRP's potential in the payments sector as one reason why the crypto asset could observe dramatic price surges in the foreseeable future. Interestingly, while targets such as $100 have triggered skepticism, others are already eyeing more audacious goals like $1,000.
Notably, self-acclaimed researcher Anderson recently argued that if Bitcoin (BTC ($113,698.00)) can hit $1 million, then an XRP price of $1,000 is also possible. Also, months back, Matthew Brienen, the CEO of CryptoGuard, predicted that XRP has the potential to reach $1,000 over the next decade.
Now, while the market is still coming to terms with an XRP to $1,000 projection, Jake Claver has predicted loftier targets. Speaking in an episode of The Good Morning Crypto show last month, Claver projected that XRP could climb to $2,000 by 2026. This was an ambitious forecast, considering XRP would need to soar 64,416% to hit this milestone.
How Much to Surpass Elon Musk?
Despite how largely unfeasible most investors see this target, we recently assessed how much impact it would have on their holdings. Notably, we evaluated how much an investor would need to hold to match the wealth of Tesla CEO, Elon Musk, the world's richest man.
Elon Musk Net Worth ForbesElon Musk Net Worth | Forbes
Notably, data from Forbes confirms that Musk currently boasts a net worth of $413.8 billion at press time. If XRP ever claims the $2,000 price per token, a market participant would need to hold around 206.9 million XRP tokens to reach $413.8 billion. Today, these 206.9 million tokens could be procured for $641.39 million.
Interestingly, ten months ago, in November 2024, before XRP's most recent explosive surge, an investor could have amassed these 206.9 million XRP tokens at a price of $103.45 million.
Nonetheless, an XRP price of $2,000 would push the token's market cap to $118.8 trillion, higher than the total global M2 money supply at around $95 trillion. This makes the $2,000 price highly improbable.
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