News Formal

Ripple CEO expects crypto market cap to double by year-end: CNBC

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Ripple News

Canada Canada Latest News,Canada Canada Headlines

Brad Garlinghouse said in the interview that he is 'very optimistic' about macro trends in crypto such as the ETFs and the upcoming halving.

Ripple CEO Brad Garlinghouse said the entire cryptocurrency market capitalization will likely double by the end of 2024, according to a CNBC report on Sunday. The current global crypto market cap stands at around $2.59 trillion, CoinMarketCap data showed.

Bitcoin’s halving event, slated for later this month, is another macro factor that may drive the entire crypto market value beyond $5 trillion, according to Garlinghouse. The halving event, which takes place about every four years, cuts mining rewards to bitcoin miners by half. The Ripple CEO also said that he expects more regulatory clarity in the U.S. after the country’s new administration takes office following this year’s election. The U.S. Securities and Exchange Commission has expressed negative and restrictive views on the crypto space, exemplified by its long-standing legal feud with Ripple Labs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ripple CEO Excited as Company Takes Giant Step Toward XRP Ledger AdoptionRipple's monumental move would be game-changer for XRP Ledger users and developers
Source: Utoday_en - 🏆 295. / 63 Read more »

Ripple CEO Expects Crypto Market to Double in Value This YearRipple CEO Brad Garlinghouse predicts that the entire value of the crypto market will double this year, driven by the arrival of the first U.S. spot bitcoin exchange-traded fund and the upcoming bitcoin halving. He also cites positive regulatory momentum in the United States as a factor that will contribute to the market's growth.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Ripple CEO Excited on New Additions to Company's ExecutivesAnnouncement comes at time of significant momentum for Ripple
Source: Utoday_en - 🏆 295. / 63 Read more »

Ripple CEO Highlights Bitcoin ETF Volume Surge as Crypto Market Takes CueRipple CEO Brad Garlinghouse pinpoints the surge in Bitcoin ETF volumes as a key factor influencing the uptrend in the crypto market
Source: Utoday_en - 🏆 295. / 63 Read more »