Ripple CTO David Schwartz dismissed $10,000 XRP (CRYPTO: XRP) price predictions, arguing that if wealthy rational investors believed there was even a 1% chance of that outcome, XRP would already trade at $20 instead of $1.37.
The Market Efficiency Argument
The discussion started when an X user asked Schwartz to respond to theories suggesting XRP could reach $10,000 based on a valuation model popularized by Chris Burniske using the formula Price = PQ / (V × S).
“If there were a few very rich, very rational people who really believed that there was a 1% chance that XRP could hit $10K in 10 years, they’d bid XRP up to at least $20 today,” Schwartz posted.
“Why aren’t they? Conspiracy?” he added.
With XRP currently trading …