Dave Portnoy calls XRP “the next Bitcoin” as Ripple’s token surges 14%, stirring buzz among crypto traders and fueling bullish speculation
When the year began, few cryptocurrencies generated as much excitement as XRP. It has ultimately fulfilled those lofty expectations after a sluggish start to the year. A renowned entrepreneur, Dave Portnoy, declared that XRP “may be the next Bitcoin” in response to Ripple’s 14% resurgence.
No one can dispute that Bitcoin occupies the summit of the cryptocurrency mountain. The token is the largest in market capitalization and concluded the week on a steady footing above the $102,000 threshold.
Nevertheless, Portnoy’s sentiment may be valid regarding the asset’s increasing prominence, which has propelled it into the mainstream.
David Portnoy strongly advocates for XRP; is it the next Bitcoin?
Investors may find it challenging to comprehend, but Bitcoin was not always the BTC it is today. On its way to becoming the financial revolution it is today, the asset traded at a low of $8 at one point.
Many individuals in 2025 think that the flagship cryptocurrency is on the brink of achieving an all-time high of $110,000 this year.
Other tokens may benefit from that narrative and the actuality of the industry’s current state. The apprehension of being left behind is a genuine concern that can potentially motivate a rise in investment. Dave Portnoy, the creator of Barstool Sports, believes that XRP has the potential to become the next Bitcoin. This is the reason for his support of Ripple.
Speaking at Consensus in Toronto, Portnoy recounted an intriguing anecdote. He admitted being outbid by a “crypto bro” for a Miami condominium. The individual “heard about Bitcoin when it was, I don’t know, eight bucks, seven bucks,” he specifically stated.
This resulted in a peculiar sensation for Portnoy as he reflected on a twenty-year career of diligent effort, only to be outbid by an individual who had entered the asset class at the outset.
This is the primary reason for his adoption of XRP. “Approximately two dollars and forty cents?” Could that be the next Bitcoin? Portnoy queried the guests in attendance. “It manifests as FOMO.” I do not claim to have a profound conviction in it.
Although the sentiment is intriguing, it is a widely accepted viewpoint. Even though it may not be the most perceptive, it is exceedingly accurate. A segment of investors is convinced that the market is in motion.
Additionally, they maintain that the upward trajectory of Bitcoin was not an isolated incident. Their primary objective is to participate in the subsequent event.
