Few cryptocurrencies have entered the year with just as hype as XRP. Now, after the start of the year, it’s finally doing good to those lofty expectations. As Ripple turns, noted entrepreneur Dave Portnoy says that XRP “may become the next Bitcoin” in a 14% jump in tokens.
There is no denying that Bitcoin is sitting firmly on top of the cryptocurrency mountain peak. The assets were the largest token by market capitalization, and ended the week with a solid $102,000. However, there may be something to Portnoy’s sentiment when it comes to the salience of the rise that has raided assets into the mainstream.
Dave Portnoy greatly supports XRP: But is it the next bitcoin?
It may be hard to believe now, but there was a time when Bitcoin was not the BTC that investors know now. At one point, assets were traded at a low of $8 in the middle of becoming today’s financial revolution. In 2025, many believe that major codes are heading towards a record high of $110,000 this year.
The story, and the reality of what the industry is like, could be a blessing for other tokens. In fact, the fear of missing out is a real thing that can spur the increase in investment. For Ripple, Dave Portnoy, creator of Barstool Sports, is why XRP could become the next Bitcoin
Speaking at the Toronto consensus, Portnoy recalled an interesting story. He revealed that he had once been turned upward for his Miami apartment by the “crypto brothers.” Specifically, he said that individuals have heard of Bitcoin, $8, $7. That led to Portonoi’s strange feelings. He spoke of his hardworking career of 20 years, so it could only be thought of by anyone who reached the first floor asset class.
That’s the driving factor in his XRP embrace. “Is it $2.40 or something like that? What if it was the next Bitcoin?” Portnoy asked participants. “It’s FOMO. That’s not that I have any grand belief in it.”
Emotions are an interesting perspective, but they are something that many people share. It may be the least insightful, but it is incredibly true. There is a sect of investors who believe in the movement of the market. Furthermore, they believe that the rise in experienced Bitcoin was not unusual. More importantly, they want to be part of the ride when it happens again.
