Ripple Exec Reveals Why The Bitcoin Price Is So High Now

Overview

Ripple’s Chief Technology Officer (CTO), David Schwartz, has provided insight into the reasons behind the current high price of Bitcoin, which remains the most expensive cryptocurrency on the market. Schwartz’s comments have ignited discussions within the crypto community, shedding light on the economic factors influencing Bitcoin’s perceived value.

Explanation of Bitcoin’s Elevated Price

On Tuesday, Schwartz shared his perspective on social media in response to a community member’s inquiry regarding the rationale for spending Bitcoin when it has potential for future appreciation. He articulated that the high price of Bitcoin can be attributed to its perceived value and the expectations surrounding its future.

When individuals choose to use Bitcoin for transactions, they are, in effect, realizing the full expected value of its future growth at the present moment. Instead of holding Bitcoin as a long-term asset and waiting for potential price gains, these users are opting to convert its anticipated value into immediate utility. Schwartz emphasized that this behavior reflects a broader belief in Bitcoin’s enduring value, which is a significant factor contributing to its sustained high price.

Schwartz’s comments coincided with a significant announcement from Jack Dorsey, co-founder of Square. Dorsey revealed that Bitcoin payments are now live on Square’s platforms, allowing customers to pay for products and services directly with Bitcoin. Sellers have multiple settlement options, including BTC-to-BTC, BTC-to-fiat, and fiat-to-BTC transactions. Additionally, funds received through Bitcoin payments are automatically stored in a Square wallet, with defined self-custody transfer limits.

Impact on the Crypto Market

• Bitcoin remains the only cryptocurrency in the six-figure price range, surpassing traditional investments like gold and major stock indices.
• The discussion surrounding Bitcoin’s value highlights the cryptocurrency’s role as a utility in transactions, potentially influencing investor behavior.
• Schwartz’s insights may reinforce confidence among investors, contributing to the overall stability of Bitcoin’s price.
• The launch of Bitcoin payments on Square’s platforms could enhance Bitcoin’s real-world usability, potentially attracting more users and investors.
• While some analysts question Bitcoin’s valuation, many investors continue to believe in its long-term growth potential, which may further impact market sentiment.

Updated: 11/12/2025, 7:30:24 PM