LATEST: Ripple CEO Forecasts Crypto Market to Hit $5 Trillion by 2024

Brad Garlinghouse, CEO of the blockchain company Ripple, predicts a significant surge in the cryptocurrency market, anticipating it to reach a $5 trillion market capitalization. This bullish forecast is driven by several key factors, including the debut of the U.S.’s first spot bitcoin exchange-traded funds (ETFs) and the upcoming bitcoin halving event, both of which are expected to catalyze growth within the sector. Garlinghouse’s confidence stems from witnessing the industry’s evolution and the impact of macroeconomic factors that are attracting institutional money into the crypto space for the first time. With demand increasing and supply diminishing, the outcome seems promising for the crypto market. The introduction of U.S. spot bitcoin ETFs earlier this year and the anticipation of favorable regulatory changes further bolster the optimistic outlook. As the crypto market continues to gain mainstream acceptance and regulatory clarity in the United States, industry leaders like Garlinghouse and others at major crypto exchanges see this as a pivotal moment for unprecedented growth and adoption.

CNBC

76.5K Reads