Bitcoin ETF

Bitcoin

Gary

The blockchain company, Ripple CEO, Brad Garlinghouse, admitted underestimating crypto’s potential, <a href="https://www.cryptotimes.io/2024/04/08/ripple-ceo-predicts-5-trillion-crypto-market-surge-in-2024/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">projecting a $5 trillion market cap</a> by year-end in a FOX Business <a href="https://www.foxbusiness.com/video/6351166187112" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">interview</a>.
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 Covered a lot of ground with <a href="https://twitter.com/MorningsMaria?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@MorningsMaria</a> today – the BTC halving, my predictions for the crypto market by EOY, how pro-innovation policies in the US will prevail (step 1 – replace the SEC leadership and step 2 – Elizabeth Warren’s staff should read some actual facts on crypto… <a href="https://t.co/1EB59xUB7J" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">https://t.co/1EB59xUB7J</a>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1781051002512183481?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 18, 2024</a>
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Initially projecting a $5 trillion market cap by year-end, Brad Garlinghouse now anticipates a doubling in size by 2024. This growth is attributed to increased demand for Bitcoin and reduced supply.
Brad noted a recent dip in crypto prices but highlighted a significant 60% market performance growth in 2024, with Bitcoin up 250%. Despite BTC’s decline from its March ATH, he remains optimistic, pointing to upcoming catalysts like a spot Bitcoin ETF and halving event.
However, Brad criticized the U.S. government’s regulatory policy, especially under President Biden and SEC Chair Gary Gensler. Brad compared the U.S.’s crypto stance unfavorably with crypto-friendly nations like Dubai or the UK, advocating for a pro-innovation policy for economic growth.
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 Also Read: <a href="https://www.cryptotimes.io/2024/04/14/ripples-massive-100m-xrp-move-fuels-market-speculation/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Ripple’s Massive 100M XRP Move Fuels Market Speculation</a>
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Ripple CEO Admits Underestimating $5T Crypto Market Forecast

The Crypto Times

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