Brad Garlinghouse, the CEO of Ripple, forecasts that the cryptocurrency market will reach a value of $5 trillion by 2024.
He bases this prediction on the expectation of clear regulations and the introduction of Bitcoin exchange-traded funds (ETFs).
The market is anticipated to expand as a result of the Bitcoin halving and the likely introduction of U.S. Bitcoin exchange-traded funds (ETFs).
Garlinghouse thinks that well-defined legislation regarding crypto in the United States will foster stability and entice investment.
The imminent halving of Bitcoin and the expected introduction of U.S. Bitcoin ETFs are regarded as important factors for market expansion, historically resulting in significant price surges.
Although Ripple is now facing legal disputes with the SEC about XRP, Garlinghouse’s positive forecasts demonstrate his belief in favorable regulatory resolutions.
The prevailing industry anticipation of Bitcoin’s price potentially reaching $100,000 by the conclusion of the year, coupled with substantial venture capital investments, highlights the market’s capacity for expansion.
