Ripple CEO Forecasts Crypto Market to Hit $5T Amid Regulatory Shifts and Bitcoin Halving
April 15, 2024The global cryptocurrency market's current valuation stands at $2.6 trillion.
Ripple CEO Brad Garlinghouse forecasts the market could double to $5 trillion by the end of 2024.
Projected growth drivers include institutional interest, possible SEC approval of spot Bitcoin ETFs, and the Bitcoin halving event.
Garlinghouse suggests a potential Bitcoin price surge due to increased institutional investment and reduced supply.
The CEO is hopeful for more crypto-friendly regulations in the US.
Historical trends post-Bitcoin halvings are cited as evidence for the optimistic market outlook.
Contrastingly, Bitcoin has not been recommended by the Motley Fool Stock Advisor as one of the top 10 stocks for investment.
Uniswap faces regulatory scrutiny from the SEC, potentially for operating without proper registration.
Solana's development team targets April 15 for a solution to ongoing transactional problems.
Summary based on 4 sources
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Sources
Yahoo Finance • Apr 15, 2024
Ripple CEO Predicts the Crypto Market Could Hit $5 Trillion. Here's Why I Think That's PossibleCrypto Daily • Apr 14, 2024
Crypto Weekly Roundup: SEC Goes After Uniswap, Solana Bug, & More