Which Cryptocurrency Has the Potential to Make More Millionaires? BTC Compared to XRP

When people dream about investing in cryptocurrency, the imagination often ends with picturing how they will spend the millions of dollars they earn. However, very few assets have the power to turn a modest investment into such amounts. And as the market moves towards new heights, two of the industry leaders, Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), continue to reappear in the conversations of those who create millionaires. One is hailed as digital gold; the other is quietly transferring real cash globally. Which of these two coins is more likely to bring wealth to investors? Bitcoin Shows the Power of Scarcity The protocol of Bitcoin limits the supply to 21 million coins. Therefore, it cannot lose value in the way that fiat currency must endure. Because many coins have been burned, lost, or are inaccessible, there will always be many fewer coins than the number of coins available for sale, which makes the supply proposition even more attractive. Demand is the other half of the equation, and in the case of Bitcoin, demand also seems very favorable. In just May, cryptocurrency funds attracted about $7.1 billion in net inflows, most of which went into Bitcoin-backed exchange-traded funds (ETF), bringing their total assets under management to a record $167 billion. Other data indicates that a total of $11 billion has flowed into digital asset products over the past seven weeks. This is undeniable evidence that Bitcoin is being sought after by asset managers.

Scarcity combined with new buyers is a strong combination for prices. A very large proportion of Bitcoin is currently being held with profits based on recent prices. Fewer anxious hands holding coins that are below lower price levels will lead to fewer sudden supply shocks. If the ETF experiences an outflow of capital or regulators reverse direction, the circulating supply of ( coins available for public trading ) will loosen, and the upward momentum could quickly stall. Even so, the halving of the coin every four years or longer will cause the new supply to continue to shrink, mathematically increasing the likelihood that any downturn will be temporary rather than permanent. Now is the time to make waves. With an investment of $10,000 today, Bitcoin would need to reach a market capitalization of about $210 trillion to make you a millionaire. For reference, this figure is nearly double the total gross domestic product of the entire global economy in 2024. In other words, don't expect a small investment in this currency to make you a millionaire. The Utility of XRP is Both a Blessing and a Curse While Bitcoin relies on scarcity, XRP is built to transfer money as cheaply as an email, meaning nearly free. Ripple, the company that issues XRP, is building it into the core of a whole ecosystem of financial products and services aimed at the needs of the largest institutional investors available. A recent guide from Ripple has highlighted global e-commerce, which has now surpassed a total value of $6 trillion in annual sales, as a ripe opportunity to bring XRP to market for faster settlement. Even if only a small portion of those payments run through, institutions will still need to purchase quite a bit of XRP, driving the price of this currency higher. The technical momentum is also increasing. In March, the latest upgrade of the XRP ledger activated native automated market makers, allowing anyone to contribute liquidity and earn fees without the need for cumbersome smart contract solutions. That feature could deepen on-chain liquidity and make the price spread of XRP more competitive with fiat currencies, which would make institutional investors more interested in sending their capital onto the chain, as it can support the transaction scales they need. In April, Ripple launched its new stablecoin RLUSD into Ripple Payments, now claiming a transaction volume of nearly 10 billion dollars since its launch in December. This stablecoin is hosted on the XRP network, so its value contributes to the total value of the chain and the currency. However, there are still some obstacles. The economy of XRP relies heavily on the business decisions of Ripple and the efforts to develop its features. A strategic misstep or a new legal trouble with the Securities and Exchange Commission could severely diminish adoption and lower the price of this currency. Other chains are competing with it to attract the same institutional funds, and in some segments, they are winning. Therefore, the utility of the currency does not guarantee that the price will increase. Which Currency Has the Opportunity to Become a Higher Millionaire? Both XRP and Bitcoin cannot make you a millionaire overnight. But both can be great wealth-building tools if you are willing to dollar-cost average into a position and hold that position for a few years. With what has been said, if your goal is simply to accumulate an amount that can exceed seven within one or two decades, then the path of Bitcoin is clearer. It only needs continuous demand driven by scarcity to succeed, which is something that ETFs, an increasing number of corporate treasuries holding it, and possibly even governments will provide. On the contrary, XRP requires both a stable protocol evolution and a comprehensive shift of the company towards ledger-based transactions across several different categories to see its price reach new heights. That may happen, but it involves more moving parts and a longer adoption curve, so it is not a reliable tool for creating millionaires.