时间：2024-04-08|浏览：302
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Ripple CEO Brad Garlinghouse expressed an ambitious view about the future of the cryptocurrency market in his latest interview with CNBC. In particular, his prediction that the total value of the crypto market will exceed $5 trillion by the end of this year attracted a lot of attention.
The current value of the global cryptocurrency market has now exceeded $2.58 trillion. According to Garlinghouse's prediction, the market will double in size in the next eight months.
Among the factors supporting Garlinghouse's ambitious view, new institutional participation, especially with Bitcoin ETFs, stands out. Additionally, the BTC halving event that will take place in the next two weeks also supports this optimism.
“I have been in this industry for a long time and have seen similar trends play out in the past,” Ripple CEO Brad Garlinghouse said. He also emphasized that crypto ETFs attracted institutional investors for the first time, resulting in a surge in demand for Bitcoin. In March, Bitcoin miners produced approximately 28,500 BTC, while Bitcoin spot ETFs were reported to have consumed over 66,000 BTC tokens.
“It doesn't take an economics expert to tell you what happens when supply contracts and demand expands,” Garlinghouse added. In this context, he claimed that the crypto market could easily double in value with new trends.
Garlinghouse also emphasized that this year "is going to be big" in early 2024. This bold statement increased optimism regarding XRP's outlook.
Similar to Ripple's CEO, Garlinghouse's recent prediction of a $5 trillion market has reinvigorated confidence within the XRP community. Luke Thomas, an XRP advocate, noted that in the seven years he has been monitoring the company, he has never seen Garlinghouse present market indicators so clearly.
Thomas believes that Garlinghouse's latest statement indicates that there are significant developments on the horizon, especially for Ripple and XRP.
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