Ripple CEO Predicts $5 Trillion Crypto Market Price

Ripple CEO Brad Garlinghouse predicted a $5 Trillion crypto market Cap by the end of 2024

Ripple CEO Brad Garlinghouse stated that the digital asset market capitalization will triple to $5 trillion by the end of 2024. Indeed, Garlinghouse spoke with CNBC about his expectations and estimates for the cryptocurrency industry until the end of the year.

CoinMarketCap statistics show that the digital asset market is worth $2.69 trillion. In the interview, Garlinghouse stated that he was “very optimistic” about the market’s performance since the beginning of the year. Specifically, the introduction of Spot Bitcoin ETFs in the United States has significantly influenced the market thus far.

Ripple CEO: Digital Asset to Double by 2024

So far, in 2024, the digital asset market has performed excellently. Indeed, the value of various cryptocurrencies has increased significantly since the beginning of the year. Bitcoin is the rising tide that raises all ships. It had reached an all-time high of $73,000 in March of this year.

However, many in the business anticipate that good performers will continue for a while. Ripple CEO Brad Garlinghouse predicts that the cryptocurrency market capitalization will double to $5 trillion by the end of 2024. Speaking to CNBC, he expressed his confidence about the market’s prospects for this year.

That should only rise in April as the Bitcoin halving event approaches. Indeed, the most recent countdown forecasts the BTC halving on April 20th. Furthermore, analysts believe that its existence will force costs to be even higher.

Ripple has also attempted to strengthen its capacity to capitalize on this enormous opportunity. This month, the business revealed plans to launch its stablecoin later this year. It will add to the company’s ecosystem alongside the native XRP coin.