The blockchain company Ripple CEO Brad Garlinghouse remains optimistic about the crypto market in 2024, predicting it to cross $5 trillion by the year-end.
Brad Garlinghouse expects the crypto market to double, while it has already surged by 60% since January, reaching $2.6 trillion. Garlinghouse credits this growth to macro factors like the upcoming Bitcoin halving and the launch of spot Bitcoin ETFs, which are attracting institutional investors.
One of the other key factors Garlinghouse sees pushing the crypto market to new highs is the possibility of positive regulatory momentum in the United States.
In an interview with CNBC, Garlinghouse said, “I’ve been around this industry for a long time, and I’ve seen these trends come and go. I’m very optimistic. I think the macro trends, the big picture things like the ETFs, they’re driving for the first time real institutional money.”
Despite regulatory challenges, Garlinghouse is hopeful about positive changes in US crypto regulations, anticipating a more supportive approach from the next administration. Marshall Beard, CEO of Gemini exchange, echoes this optimism, forecasting a Bitcoin rally to $150,000 by year-end.
The positive outlook from industry veterans reflects broader confidence in crypto’s potential amid evolving market dynamics and regulatory shifts, fueling expectations of continued growth and investment.
Also Read: Ripple CEO Garlinghouse to Speak at Paris Blockchain Week
