Interestingly, Schwartz’s view wasn’t one of outright bullishness but on how markets actually price belief, probability, and conviction with a blunt reality check.
Schwartz Refuses To Admit Or Dismiss A $100 XRPHowever, personal disbelief was not the issue. His contention is based on how rational markets behave when participants genuinely believe in a specific outcome.
According to Schwartz, if a meaningful number of rational investors truly believed there was even a modest chance of XRP reaching $100 within a few years, the market would already reflect that belief.
According to Schwartz, cryptocurrency markets are more rational than they are often given credit for. However, he also noted his personal belief that most significant crypto bull runs were due to unpredictable external changes. This caveat still opens up the possibility that XRP would, in fact, trade at $100 one day.
Comparing XRP And Bitcoin Through A Rational Market LensA ten-fold increase in XRP, he said, is about as unlikely as a ten-fold increase in Bitcoin or Ethereum right now, regardless of whether that move occurred in the past or might happen in the future.
Schwartz’s remarks do not declare a $100 XRP impossible but follow the reasoning of the latter group. Instead, the Ripple emeritus CTO challenges the logic behind confidently promoting such targets when the market itself shows little willingness to price that outcome in today, something that might not sit well with XRP enthusiasts.
Featured image from Unsplash, chart from TradingView
