Bitcoin Investor Lark Davis States Why $100 XRP Price Is Impossible

XRP trades at $1.16. It recently pulled back from around $1.30 as the broader market crashed following U.S. midterms, where Democrats won both the House and Senate.

With the digital asset struggling, entrepreneur and Bitcoin investor Lark Davis has weighed in on its future.

In a recent post, Davis stated that XRP will not go to $100, pointing out the absurd market cap the asset would have.

The Numbers Behind the Price

At its current price of $1.16, XRP’s market cap sits at $73.84 billion. Getting from there to $100 per token would require the asset to increase in value by more than 8,500%. That would push XRP’s valuation past the current market capitalization of some of the world’s largest companies.

Davis argued that XRP would need a market cap of $8 trillion. At $100 per token, the total market capitalization would sit at approximately $6.35 trillion, not $8 trillion. Davis’s figure is an overestimate, though the core argument holds.

A $6.35 trillion market cap for a single asset would be enormous by any historical standard. For reference, the entire global cryptocurrency market currently sits at $2.54 trillion. Davis’s post did not challenge XRP’s utility or its long-term prospects. It addressed one specific price target and the market cap that target would require.

How the Community Responded

The Debate About XRP’s Future

XRP sits at $1.16 after its post-midterm pullback. The road to $100 would require a scale of growth rarely seen in the crypto market. Davis is not confident that XRP can achieve that, but many other market participants believe the asset’s market cap is not a limiting factor.