Crypto Aiming $5 Trillion by 2025, States Ripple’s CEO

In recent interviews with CNBC, the Ripple’s CEO, Brad Garlinghouse, has offered insightful analysis for the cryptocurrency market, predicting substantial growth and highlighting key components for this to happen.

Garlinghouse anticipates a significant increase in the cryptocurrency market’s total capital, aiming for $5 trillion by 2025.

He further predicts another doubling by the end of 2024, citing macroeconomic factors such as Federal Reserve policies, the upcoming Bitcoin halving, and positive regulatory developments in the US.

Bitcoin ETFs and Institutional Interest

Garlinghouse emphasizes the importance of Bitcoin exchange-traded funds (ETFs) in driving cryptocurrency values high up, attracting substantial institutional investments, and improving the situation.

Impact of Bitcoin Halving

He underscores the potential effects of the upcoming Bitcoin halving event, suggesting it could trigger a supply shock and propel Bitcoin’s trajectory upwards.

Despite XRP’s struggle to match the broader market’s growth, Garlinghouse remains optimistic. XRP, closely affiliated with Ripple, holds the seventh position in market capital. The potential impact of market growth on XRP’s performance is still a factor to consider for the investors.

Ripple sports betting is growing XRP’s popularity and making it a better investment.

Garlinghouse’s outlook reflects the current crypto market and its future, driven by factors such as ETFs, the Bitcoin halving, regulatory clarity, and investor sentiment.

While XRP’s performance relative to market growth is closely monitored, Garlinghouse’s predictions highlight that the industry has a lot of potential for significant expansion.