WisdomTree, a company that manages $100 billion, compared XRP to Bitcoin in its latest report.
Examining how much XRP needs to grow to outpace Bitcoin, WisdomTree argued that XRP is the only altcoin that stands out as a suitable cryptocurrency for a long-term portfolio strategy, along with BTC.
Stating that institutional investors are no longer satisfied with having Bitcoin alone in their portfolios, the company said that XRP is the only altcoin that will complement the Bitcoin strategy.
At this point, WisdomTree stated that Bitcoin and XRP are similar, and that both Bitcoin and XRP are uniquely classified under Tier-1 payments due to their primary functions being digital payment instruments.
The company drew parallels between Solana (SOL) and Ethereum (ETH) in the smart contract segment, while also positioning XRP as Bitcoin’s altcoin counterpart in the payments category.
Among the reasons behind its focus on XRP, the company specifically noted that XRP was designed as a fast and scalable payment solution.
The firm further noted that XRP’s historically low correlation with Bitcoin and Ethereum strengthens XRP’s case for portfolio diversification, adding, “While Bitcoin and Ethereum often move in tandem, XRP’s performance tends to follow a more independent trajectory.”
The company also pointed out that XRP’s supply is controlled. At this point, the company said it has a hard cap of 100 billion tokens that are gradually released through Ripple’s escrow system.
WisdomTree also highlighted that XRP needs to rise 14x to catch up with Bitcoin.
As a result, WisdomTree pointed to XRP as the only altcoin to choose for portfolio diversification alongside Bitcoin, while arguing that XRP is the largest altcoin that has gained the credibility of institutional investors.
This is not investment advice.
