Versan Aljarrah, founder of Black Swan Capitalist and a well-known XRP advocate, has predicted that XRP will surpass Bitcoin as the leading cryptocurrency in 2025. This resonates with a broader narrative gaining traction in the market. Many pundits now argue that XRP is not simply another cryptocurrency but rather the “Internet of Value.”
However, Aljarrah’s claim is based on a long-standing theory that Bitcoin’s price has been artificially inflated through Tether (USDT), the largest stablecoin.
While this perspective remains controversial, Aljarrah believes that increased regulatory scrutiny on Tether will ultimately shift liquidity toward regulated digital assets, positioning XRP at the forefront of the market.
Aljarrah’s prediction hinges on concerns that Tether’s influence over Bitcoin is unsustainable. The theory that USDT has been used to manipulate Bitcoin’s price dates back to a 2018 study by finance professors John Griffin and Amin Shams. Their research suggested that a single entity was responsible for Bitcoin’s dramatic price surge in late 2017 by issuing Tether.
However, there is no direct evidence that such manipulation persists today. Regulatory bodies, including the U.S. Securities and Exchange Commission (SEC), have not found grounds to take action against Tether or Bitcoin based on these claims. Furthermore, Bitcoin exchange-traded funds (ETFs) have received regulatory approval, further signaling confidence in the asset’s legitimacy.
Despite this, Aljarrah argues that as Tether faces increasing regulatory pressure, its influence will decline. He claims that this shift is inevitable and will weaken Bitcoin’s dominance in the market.
Regulatory Challenges
The debate surrounding stablecoin regulation has intensified in recent years, with Tether frequently facing scrutiny over transparency and compliance issues. The European Union’s Markets in Crypto-Assets (MiCA) regulation, designed to enforce stricter oversight on stablecoins, has already led to the delisting of USDT from several exchanges in Europe. Most recently, Crypto.com announced it would remove the stablecoin from its platform in response to regulatory pressure.
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The founder sees these developments as confirmation of his thesis. He asserts that Tether’s eventual downfall will clear the way for regulated stablecoins and XRP to take center stage. He also pointed to RLUSD, which he describes as the only globally regulated institutional stablecoin, as the likely successor to USDT.
While his claims suggest a potential shift in market dynamics, it is important to recognize that any major disruption to Bitcoin—such as a collapse of Tether—could have widespread consequences for the entire cryptocurrency sector, including XRP.
XRP’s Market Position Relative to Bitcoin
Despite Aljarrah’s bold prediction, the token’s current market capitalization remains significantly lower than Bitcoin’s. As of now, XRP has a total market value of approximately $141.62 billion, while Bitcoin’s market cap stands at around $1.92 trillion. This vast difference underscores the challenge the token would face in overtaking Bitcoin as the dominant cryptocurrency.
While the future of the digital asset and the broader crypto market remains uncertain, Aljarrah’s perspective reflects the ongoing debates about stablecoin regulation and Bitcoin’s long-term sustainability. Whether or not his predictions come true, regulatory developments and liquidity shifts will play a crucial role in shaping the crypto space in the years ahead.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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