Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Ripple CEO Brad Garlinghouse recently predicted that the total cryptocurrency market cap could potentially top $5 trillion in 2025, CNBC&nbsp;<a href="https://www.cnbc.com/2024/04/08/ripple-ceo-crypto-market-to-double-in-size-to-5-trillion-in-2024.html" rel="noopener noreferrer nofollow">reports</a>.&nbsp;
Garlinghouse claims that he is "very optimistic" about the current state of the industry.&nbsp;
The Ripple boss sees the advent of Bitcoin exchange-traded funds (ETFs) as one of the key tailwinds pushing the prices higher. Garlinghouse has noted that the industry is attracting "real institutional money" for the first time.&nbsp;
As&nbsp;<a href="https://u.today/ripple-ceo-celebrates-sec-approval" rel="noopener noreferrer nofollow">reported by U.Today</a>, Garlinghouse said that the significance of the SEC approving multiple Bitcoin ETFs could not be overstated since it further legitimized crypto as an asset class. The Ripple CEO predicted that it would be "yet another catalyst" for institutional adoption.&nbsp;
Following their debut in early January, Bitcoin ETFs turned out to be a stunning success, breaking multiple records. In March alone, these products managed to record a staggering $111 in trading volume.
In addition, Garlinghouse has also predicted that the Bitcoin halving could be yet another catalyst for the crypto industry. As reported by U.Today, some analysts believe that a supply shock&nbsp;<a href="https://u.today/two-key-trends-to-watch-ahead-of-bitcoin-btc-halving" rel="noopener noreferrer nofollow">coupled</a> with growing demand could push the flagship cryptocurrency into "uncharted territory."&nbsp;
Finally, the Ripple boss cited favorable micro-financial conditions as one of the key factors potentially influencing the direction of the crypto market.
Meanwhile, the Ripple-affiliated XRP cryptocurrency is in seventh place by market capitalization.&nbsp;
As&nbsp;<a href="https://u.today/ripple-ceo-lashes-out-at-coindesk-over-embarrassing-article" rel="noopener noreferrer nofollow">reported by U.Today</a>, Garlinghouse recently slammed cryptocurrency news outlet Coindesk for suggesting that Ripple was preparing to ditch XRP with the launch of its new stablecoin.&nbsp;

Ripple CEO Makes Stunning Market Prediction

U_Today

Другие статьи, опубликованные 8 апр. 2024 г.

DeeStream: The Must Have Crypto Gem for TRON & Bitcoin Investors Among 17,800 Users, 20X Gains Fo...

Predicting Bitcoin’s post-halving gains as BTC eyes $80K ATH

Daily Market Review: BTC, ETH, CKB, WIF, LDO

This Whale Got Into Dogwifhat (WIF) And Book Of Meme (BOME) Early At The Bottom So We Decided To ...

Cryptocurrencies Maintain Positive Trend as Bitcoin Surpasses $71,000

Bitcoin (BTC) price prediction after breaching $72k

Join our free newsletter for daily crypto updates!