United

Bitcoin

when

Trillion

<p>Brad Garlinghouse, CEO of Ripple, has made a bold prediction. He anticipates that the cryptocurrency market will double in size to reach a staggering amount of $5 trillion. This forecast will become a reality by the end of the year 2024. He bases this outlook on several key factors. Let’s explore how this prediction is sparking renewed enthusiasm in the space.</p>
<h2 id="h-the-institutional-growth-fueled-by-bitcoin-etfs">The Institutional Growth Fueled by Bitcoin ETFs</h2>
<p>One of the boosts to Garlinghouse’s projection is the impact of exchange-traded funds, or Bitcoin ETFs. Indeed, there has been increased participation from institutional investors in the crypto market since the launch of the first cash Bitcoin ETFs in the United States. This evolution has paved the way for an influx of capital and liquidity into the market, thus fueling growth.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>In addition to the emergence of ETFs, Garlinghouse also emphasizes the importance of the upcoming Bitcoin halving, scheduled for this April. Historically, these halving events have had a significant impact on the crypto market dynamics. It drives the price of Bitcoin to new all-time highs. Garlinghouse explains that when the supply of new bitcoins decreases and demand increases, the fundamental laws of economics come into play, favoring a price increase.</p>
<h2 id="h-clarity-of-crypto-regulation-in-the-u-s">Clarity of Crypto Regulation in the U.S.</h2>
<p>Beyond macroeconomic factors, Garlinghouse has also <a href="https://www.cnbc.com/2024/04/08/ripple-ceo-crypto-market-to-double-in-size-to-5-trillion-in-2024.html" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> the positive evolution of the regulatory approach to crypto in the United States. According to him, the world’s largest economy, which has been one of the most hostile markets to cryptocurrencies, is expected to undergo a change in attitude in the near future. This clarification of the regulatory framework could act as an additional catalyst for market growth.</p>
<p>This prediction by Ripple’s CEO that the crypto market could double to $5 trillion by the end of the year demonstrates the growing optimism within the industry. The conditions seem right for a substantial expansion of the cryptographic market.</p>

Crypto Market to Reach $5 Trillion by Year’s End!

Table of Contents

Cointribune EN

Other articles published on Apr 8, 2024

Here’s What To Expect After Bitcoin’s April Halving

Concerns As China And The US Continue To Stack Up On Bitcoin (BTC): What Does This Mean For Decen...

This Is the Crypto Top 1% Investors Are Betting on in 2024, Not Solana (SOL) or Ethereum (ETH)

Arbitrum (ARB) Reclaims Key Support. Can Buyers Mount a Comeback?

Ethena Altcoin Climbs as Market Surpasses $2.5 Trillion Cap

Bitget Lists Tensor (TNSR): Solana’s Premier NFT Marketplace

Join our free newsletter for daily crypto updates!