2 Cryptocurrencies to Buy Now Before They Soar 140% and 580%, According to a Wall Street Analyst
Geoffrey Kendrick at Standard Chartered expects XRP to overtake Ethereum as the second most valuable cryptocurrency by 2028.
David Puell at Ark Invest thinks Bitcoin can reach $710,000 by 2030 as more institutional investors and companies buy the cryptocurrency.
Anyone uncomfortable with volatility should avoid cryptocurrencies, and investors should never anchor to Wall Street's price targets.
10 stocks we like better than XRP ›
XRP (CRYPTO: XRP) and Bitcoin (CRYPTO: BTC) advanced 565% and 410%, respectively, in the last three years. But certain Wall Street analysts expect the cryptocurrencies to climb even higher in the next few years:
Geoffrey Kendrick at Standard Chartered says XRP will top Ethereum by 2028. At current prices, XRP must climb 140% to $5.10 to surpass Ethereum's market value of $302 billion.
David Puell at Ark Invest expects Bitcoin to hit $710,000 by 2030. That implies about 580% upside from its current price of $104,000.
Here's what investors should know about XRP and Bitcoin.
The investment thesis for XRP centers on its ability to facilitate fast and cheap cross-border transactions. It is the native digital asset on the XRP Ledger, a blockchain created by fintech company Ripple to disrupt SWIFT (Society for Worldwide Interbank Financial Telecommunications), the system banks generally use to send money internationally.
XRP transactions settle in seconds and cost a fraction of a cent, but SWIFT transactions may not settle for days and often incur larger fees. Yet, very few financial institutions have adopted XRP as a bridge currency to facilitate cross-border payments. I doubt that will change in the future, because cryptocurrency prices are volatile. Why send money as XRP when its price could plunge in a very short period?
However, fast and inexpensive transactions mean that the XRP Ledger is also ideal for tokenized assets, a market that will hit $19 trillion by 2030, according to Ripple. Tokenized assets are real-world assets represented as digital tokens on a blockchain. For instance, Guggenheim Treasury Service recently tapped the XRP Ledger to issue digital commercial paper, a fixed-income security.
Greater adoption of the XRP Ledger increases demand for the native cryptocurrency, XRP, which could make the token more valuable over time. However, I see a bigger catalyst in the pending approval of several spot XRP ETFs. Bitcoin has gained 125% since the approval of spot Bitcoin ETFs in 2024, and XRP could see similar price appreciation.
The investment thesis for Bitcoin centers on its status as digital gold. Investors see the cryptocurrency as a hedge against inflation and the devaluation of fiat currencies like the U.S. dollar. In fact, the U.S. Dollar Index has declined 10% year to date, but Bitcoin has advanced 13%. That trend is likely to continue in the years ahead because, unlike fiat currencies, Bitcoin supply is limited.
Importantly, institutional investors are increasingly comfortable owning Bitcoin. Forms 13F filed for the first quarter indicate that the number of large asset managers (with $100+ million in securities) with positions in the two most popular spot Bitcoin ETFs -- the iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund -- more than tripled in the past year.
Meanwhile, many companies are adding Bitcoin to their balance sheets. Strategy (formerly MicroStrategy) has essentially turned itself into a Bitcoin investment vehicle. It owns 582,000 BTC, purchased at an average price of $70,086, and it plans to invest another $56 billion through 2027. Other companies are following the same playbook, including Mara and Semler Scientific.
Here's the bottom line: XRP and Bitcoin could be worth much more in the future due to the catalysts outlined above, But neither is a wise investment for anyone uncomfortable with extreme volatility, and investors should never anchor to price targets set by Wall Street.
Finally, between the two, I would choose Bitcoin in a heartbeat because it has the distinct advantage of being the largest, most liquid, and best known cryptocurrency. Additionally, spot Bitcoin ETFs make it easy to get Bitcoin exposure. The same cannot be said (yet) about XRP.
Before you buy stock in XRP, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!*
Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join .
See the 10 stocks »
*Stock Advisor returns as of June 9, 2025
Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Semler Scientific, and XRP. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy.
2 Cryptocurrencies to Buy Now Before They Soar 140% and 580%, According to a Wall Street Analyst was originally published by The Motley Fool
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Smarter Web Company becomes tech unicorn after stock surges six-fold in two weeks
Smarter Web Company has become the UK's latest tech unicorn, achieving a valuation of more than £1bn after its stock saw a six-fold increase in just two weeks. The web design and online marketing company saw its stock climb 18.3 per cent by the end of the day's trading session on Friday to 500p, ending a week-long run of gains and bringing its total market cap to £1.1bn. That has come off the back of the firm's new Bitcoin treasury policy, in which it invests all its spare cash into Bitcoin, emulating a model made famous four years ago after its adoption by US firm Microstrategy and its billionaire co-founder Mike Saylor. The company now holds 346.63 Bitcoin with a combined market value of £27.2m. The stock surge means that Smarter Web Company has now become one of the 250 most valuable listed companies in the UK, meaning it would rank around the middle of the FTSE 250 index. The Smarter Web Company, which offers web design, web development and online marketing services, has now raised funds five times since its IPO in April, following another £30m raise last week. It is already comfortably the most valuable constituent of the Aquis exchange. 'The company believes that Bitcoin forms a core part of the future of the global financial system and as the company explores opportunities through organic growth and corporate acquisitions is pioneering the adoption of a Bitcoin Treasury Policy into its strategy,' Smarter Web Company said. The company's founder, ex Hargreaves Lansdown head of digital Andrew Webley, controls a 12.4 per cent stake in the business worth over £100m. 'By taking a pioneering approach to treasury management using digital assets, including Bitcoin, we believe we offer investors an excellent opportunity,' Webley said.
Fox News
40 minutes ago
- Fox News
Kayleigh McEnany: The clock is ticking after Trump gave Iran a 2-week timeline
All times eastern THE CLAMAN COUNTDOWN: POWER PLAYERS Maria Bartiromo's Wall Street FOX News Radio Live Channel Coverage
Bloomberg
41 minutes ago
- Bloomberg
Summers on the Fed, Middle East and NYC Mayoral Primary
Fed Chair Powell says uncertainty around tariffs justifies holding interest rates steady for now. Former Treasury Secretary Lawrence H. Summers agrees but warns that rising inflation and unemployment make the Fed's job harder. He also highlights the potential economic fallout from U.S.-Iran tensions. Summers criticizes New York mayoral candidate Zohran Mamdani's platform as 'profoundly dangerous' for not only the city, but also for the country. (Source: Bloomberg)
