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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.