An extensive new survey of the XRP community indicates investors aren’t interested in selling the digital asset anytime soon.
XRP researcher Leonidas Hadjiloizou spearheaded the survey of 474 people. According to the results, 94% of XRP investors are in it for the long-term and plan to hodl.
As for their price targets, 52.3% believe XRP will hit $100 or more.
Just over 21% of respondents say they’re expecting XRP to hit $1,000. Given the total maximum supply of XRP at nearly 100 billion, the high price tag would place the coin’s total market cap at almost $100 trillion.
By comparison, the current market cap of gold is estimated to be around $7.5 trillion. And according to a 2017 MarketWatch overview of the world’s supply of money, the amount of fiat owed by every single person and country in the world stands at $215 trillion.
Back in February, PayPal CEO Dan Schulman told CNBC he thinks the entire digital payments industry will eventually grow to $100 trillion.
The survey also breaks down the respondents by their demographics. It finds that most investors who responded to the survey are living in the US, followed by the UK, the Netherlands and Australia.
Other key findings
- 92.8% of respondents were men with English as their native language.
- 72.4% heard about XRP on social media or through a friend.
- 48.1% first invested in XRP in 2017.
You can check out the full results of the survey here.