Ripple CEO on $5 Trillion Prediction: “I Underpredicted That”

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In an interview with Fox Business, Ripple CEO Brad Garlinghouse expressed his belief that his estimation of a $5 trillion cryptocurrency market could be on the conservative side.

He expressed to Maria Bartiromo during their conversation that he may have underestimated the situation.

Despite Bitcoin‘s price dropping significantly in the last week, the head of Ripple remains optimistic. He believes that surging ETFs and the approaching halving event will provide positive momentum for Bitcoin.

The Ripple leader believes the trend will persist for a few reasons: first, due to the recently approved ETFs; secondly, because of the approaching halving event.

According to U.Today’s latest report, Garlinghouse shared his optimistic view with CNBC that the ETF market could hit $5 trillion in value this year. He elaborated on his confident projection during a recent interview: “The market dynamics are pushing this figure higher. There are numerous reasons for the shrinking supply…At the same time, demand is surging, and ETFs are a significant contributor to this trend. People are starting to acknowledge that crypto belongs in their portfolios as an asset class.”

In the interview, he challenged Senator Elizabeth Warren’s statement that only unscrupulous individuals use cryptocurrencies, stating instead that it was an inaccurate portrayal. He advocated for a cryptocurrency policy that promotes innovation and adherence to regulations in the United States. According to him, this issue should transcend partisan boundaries.

Simultaneously, he holds the view that Rippe’s latest stablecoin initiative could significantly benefit XRP, contradicting critics who argued that the company had abandoned its contentious cryptocurrency.

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2024-04-19 10:51