There are few cryptocurrencies that entered the year with as much hype as XRP. Now, after a slow start to the year, it is finally making good on those lofty expectations. With Ripple turning around, notable entrepreneur Dave Portnoy has said XRP “may be the next Bitcoin” amid the token’s 14% jump.
There is no denying that Bitcoin sits firmly atop the cryptocurrency mountaintop. The asset is the largest token by market cap and ended the week back firmly above the $102,000 mark. Yet, when it comes to rising prominence that has catapulted the asset into the mainstream, there may be something to Portnoy’s sentiment.
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Dave Portnoy Backs XRP in a Big Way: But Is It the Next Bitcoin?
It may be hard to believe now, but there was a time when Bitcoin wasn’t the BTC that investors know now. The asset at one point traded at lows of $8 en route to becoming the financial revolution that it is today. In 2025, there are many who believe the leading crypto is on its way to a $110,000 all-time high this year.
That story, and the reality of what the industry has become, could end up being a blessing for other tokens. Indeed, that fear of missing out is a real thing that could spur increased investment. It is why, for Ripple, Barstool Sports creator Dave Portnoy says XRP could be on its way to being the next Bitcoin
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Speaking at Consensus in Toronto, Portnoy recalled an interesting story. He divulged being once outbid for a Miami apartment by a “crypto bro.” Specifically, he said the individual “heard about Bitcoin when it was, I don’t know, eight bucks, seven bucks.” That led to a strange feeling in Portnoy, as he recounted a twenty-year career of hard work, only to be outbid by a person who got in the asset class on the ground floor.
That is the driving factor of his embrace of XRP. “It’s what, two bucks forty cents or something like that? What if that’s the next Bitcoin?” Portnoy asked the attending guests. “It’s FOMO. It’s not like I have some grand belief in it.”
The sentiment is an interesting perspective, but one that is shared by many. Although it may not be the most insightful, it is incredibly truthful. There is a sect of investors who believe in the movement of the market. Moreover, they believe that the rise of Bitcoin experienced wasn’t an anomaly. More importantly, they want to be a part of the ride when it happens again.
