Bullish Outlook
Ripple CEO Brad Garlinghouse recently shared his thoughts on the crypto market. He believes it could double in size by 2024, reaching $5 trillion.
Factors Driving Growth
Garlinghouse cites the approval of spot Bitcoin ETFs and the upcoming Bitcoin Halving as key drivers of this growth. He also emphasizes the increasing demand for crypto assets due to decreasing supply and growing institutional interest.
Underpredicted Forecast
In a recent interview, Garlinghouse suggested that his $5 trillion forecast might be “underpredicted.” He believes the market is driven by supply and demand, and that the factors mentioned above will continue to push it higher.
Optimism Amidst Uncertainty
Despite recent price declines, Garlinghouse remains optimistic about Bitcoin’s future. He believes the ETF approvals and Halving event will provide tailwinds for its price.
Regulatory Challenges
Garlinghouse expresses concern over the lack of regulatory clarity in the United States. He compares it to countries like Dubai and Singapore, which have adopted constructive frameworks for crypto.
Ripple’s Prospects
Despite these challenges, Garlinghouse is confident in Ripple’s prospects, especially in non-US markets where the company continues to expand its offerings.
