How Far Will XRP Reach When Bitcoin Hits $2.97M?

• Bitwise CIO says economic uncertainties are currently suppressing Bitcoin and altcoin markets.
• Strong price correlation between Bitcoin and XRP supports XRP’s bullish long-term outlook.
• Ripple stands to significantly benefit from the mainstream adoption of XRP in the coming years.

The short-term crypto bearish sentiment has not deterred investors from anticipating a parabolic bull market in the near future. According to Bitwise CIO Matt Hougan, the Bitcoin price should be trading between $150k and $200k, fueled by the game-changing, robust fundamentals, especially in the United States under President Donald Trump.

Hougan, however, believes that the crypto market has suffered short-term suppression due to the notable economic uncertainty. Nonetheless, Bitwise remains confident in the macro bullish outlook, whereby the asset manager predicts that the BTC price will surpass $1 million by 2035. 

How Will XRP Price Benefit from Bitcoin’s Macro Bullish Outlook

The price correlation between digital assets and global commodities has increased concurrently with the notable surge in the former’s demand from institutional investors. Bitcoin price has, over t…

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