Ripple CEO's Vision for Crypto Market Valuation in 2024
Ripple CEO's Bold Prediction
Let's unpack the bold predictions of Ripple CEO Brad Garlinghouse and why he thinks the crypto market could reach a $5 trillion valuation in 2024. Up more than 50% in 2024 and an astounding 200% since the beginning of 2023, it's safe to say crypto is officially back. Today, the collective market cap of the asset class sits at roughly $2.6 trillion. Yet, one CEO thinks it still has plenty of room to run.
Institutions are piling into Bitcoin
The overarching reason for Garlinghouse's belief that the crypto market will double in 2024 is related to institutional interest...
- Projected halving effect on Bitcoin
- Regulatory landscape and potential changes
- Historical growth trends in the crypto market
With Wall Street's newfound access to Bitcoin along with the possibility of crypto-friendly regulation, 2024 could be the year crypto finally solidifies itself as a legitimate asset class...
A possible regulatory boost for crypto
Reason No. 2: With the spot Bitcoin ETFs proving to be a major hit, Garlinghouse believes Wall Street's growing interest in crypto...
- The impact of election year on crypto policies
- Bitcoin halving implications on market demand
- Role of favorable regulation in value growth