halving is understandably clogging news cycle, with the anticipation attached to the event going through the roof over the past few days and weeks. Needless to say, optimism is high too, with many expecting Bitcoin and the rest of the crypto-market to log new highs.Labs CEO Brad Garlinghouse is no different, with the exec seeking to revise his previous prediction of a $5 trillion market capitalization by the end of the year.
He also highlighted the growing recognition of crypto as a valuable asset class. In fact, reflecting on its current $2.5 trillion market capitalization, he hinted that his previous forecast of $5 trillion by year-end might have been conservative.This underscores the complex interplay of factors driving the market and the importance of considering both short-term fluctuations and long-term trends.
The exec believes the United States is lagging behind other countries in terms of regulatory progress and constructive engagement with the crypto-market. In doing so, he also critiquedAdditionally, he advocated that the U.S. should have “a pro-innovation” and “pro-compliance” cryptocurrency policy, with the same “not being a partisan issue.”“Ripple has always been a bridge to this new world and the traditional world. People call it ‘trade-fi’.
This demonstrates increasing confidence among XRP users, evident in the 2% hike seen in XRP’s value right before Bitcoin’s halving. Investors remain optimistic about XRP’s trajectory, reflected in the sustained high levels of positive sentiment surrounding the cryptocurrency.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life.
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