The blockchain company, Ripple labs CEO, Brad Garlinghouse, admitted underestimating crypto’s potential, projecting a $5 trillion market cap by year-end in a FOX Business interview.
Initially projecting a $5 trillion market cap by year-end, Brad Garlinghouse now anticipates a doubling in size by 2024. This growth is attributed to increased demand for Bitcoin and reduced supply.
Brad noted a recent dip in crypto prices but highlighted a significant 60% market performance growth in 2024, with Bitcoin up 250%. Despite BTC’s decline from its March ATH, he remains optimistic, pointing to upcoming catalysts like a spot Bitcoin ETF and halving event.
However, Brad criticized the U.S. government’s regulatory policy, especially under President Biden and SEC Chair Gary Gensler. Brad compared the U.S.’s crypto stance unfavorably with crypto-friendly nations like Dubai or the UK, advocating for a pro-innovation policy for economic growth.
Brad suggests US government to implement a pro-innovation and pro-compliance policy that would help in growing the economy of the nation.
Also Read: Ripple’s Massive 100M XRP Move Fuels Market Speculation
