{"id":602003,"date":"2024-04-08T12:00:36","date_gmt":"2024-04-08T12:00:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=602003"},"modified":"2024-06-12T09:31:46","modified_gmt":"2024-06-12T09:31:46","slug":"ripple-ceo-5-trillion-in-2024","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-ceo-5-trillion-in-2024\/","title":{"rendered":"Ripple CEO Makes Bold Prediction For Crypto Market &#8211; $5 Trillion In 2024"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Chief Executive Officer (CEO) of Ripple, <\/span><a href=\"https:\/\/ktsl888.com\/news\/ripple\/ripple-ceo-sec-2-billion\/\"><span style=\"font-weight: 400\">Brad Garlinghouse<\/span><\/a><span style=\"font-weight: 400\"> has boldly forecasted a transformative shift in the crypto industry, envisioning a $5 trillion <\/span><a href=\"https:\/\/bitcoinist.com\/total-crypto-market-cap-to-hit-7-5-trillion-next-year\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">market capitalization for cryptocurrencies<\/span><\/a><span style=\"font-weight: 400\"> in 2024.\u00a0<\/span><\/p>\n<h2>Ripple CEO Says Crypto Market Cap To Double By Year\u2019s End<\/h2>\n<p><span style=\"font-weight: 400\">Appearing in a recent interview with CNBC, Garlinghouse made a shocking prediction, stating that he sees the entire <\/span><a href=\"https:\/\/bitcoinist.com\/analyst-set-8-trillion-target-for-crypto-market-cap\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">market capitalization of the crypto industry<\/span><\/a><span style=\"font-weight: 400\"> surging to $5 trillion by the end of 2024. The significance of this prediction carries severe weight, not just because of the startling numbers but also due to its ambitious timeline.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-7-year-cycle-40\/\">Dogecoin Finds A Bottom: How The 7-Year Cycle Can Send Price To $40<\/a><\/div>\n<p><span style=\"font-weight: 400\">Since the concept of cryptocurrency was first introduced about 40 years ago and the inception of <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-creator-satoshi-nakamoto-said-bitcoin-should-not-be-called-an-investment-so-what-is-it\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> in 2009, the overall market capitalization of the industry has only been able to <\/span><a href=\"https:\/\/ktsl888.com\/bitcoin-news\/crypto-market-cap-soars-1-5-trillion-milestone-achieved-bitcoin-sets-new-record\/\"><span style=\"font-weight: 400\">reach about $2.5 trillion<\/span><\/a><span style=\"font-weight: 400\">. This massive growth in a dynamic industry has been fueled by the evolutionary changes that have significantly reshaped the fundamentals of the financial sector.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A rise to $5 trillion, as Garlinghouse expects, will see the crypto industry\u2019s market capitalization doubling in about nine months. This substantial increase in such a short period would spell a revolutionary shift in the industry, extending its dominance as one of the most lucrative and thriving markets in the world.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, according to CoinMarketCap, the global crypto market capitalization is estimated at $2.59 trillion, reflecting a 0.74% increase in the past 24 hours. The cumulative market volume has also grown to about $61.98 billion, with Bitcoin dominance recording more than 50% of the total cryptocurrency market.\u00a0<\/span><\/p>\n<h2>Key Factors To Fuel Market Cap Growth<\/h2>\n<p><span style=\"font-weight: 400\">During his interview, Garlinghouse revealed several crucial factors that could drive the crypto market capitalization to $5 trillion. The Ripple CEO disclosed that macro factors, including the <\/span><a href=\"https:\/\/bitcoinist.com\/spot-bitcoin-etf-flows-flip-gold-capital-rotation\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Spot Bitcoin Exchange Traded Funds (ETFs)<\/span><\/a><span style=\"font-weight: 400\"> and the <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/12-days-bitcoin-halving-why-100000\/\"><span style=\"font-weight: 400\">upcoming Bitcoin halving event<\/span><\/a><span style=\"font-weight: 400\">, were prime catalysts for the market\u2019s expansion.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/115-million-bitcoin-whale-wakes-up-from-10-year-slumber-whats-next\/\">$115-Million Bitcoin Whale Wakes Up From 10-Year Slumber \u2013 What\u2019s Next?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Expressing optimism about the crypto industry, the CEO shared insights from his years observing the market\u2019s trends. He emphasized that the <\/span><a href=\"https:\/\/bitcoinist.com\/breaking-spot-bitcoin-etfs-approved-by-us-sec\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">introduction of ETFs<\/span><\/a><span style=\"font-weight: 400\"> has been a major driver, attracting institutional investors globally and pushing <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-etfs-new-ath-inflows-coinbase-reserves\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">substantial funds into the market.<\/span><\/a><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, Garlinghouse pointed out that due to these macro factors, the demand for cryptocurrencies is increasing while its supply is dwindling. He implied that this <\/span><a href=\"https:\/\/bitcoinist.com\/will-bitcoin-burst-demand-outpaces-supply\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">imbalance in supply and demand<\/span><\/a><span style=\"font-weight: 400\"> typically results in price appreciation, eventually having a positive impact on the overall market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Ripple CEO has also stated that he expects more <\/span><a href=\"https:\/\/bitcoinist.com\/us-congress-grills-yellen-on-crypto-regulation\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">regulatory clarity<\/span><\/a><span style=\"font-weight: 400\"> within the crypto industry, particularly in the <\/span><a href=\"https:\/\/bitcoinist.com\/us-crypto-industry-major-victory-federal-reserve\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">United States<\/span><\/a><span style=\"font-weight: 400\">. He hinted at the possibility of a favourable change in crypto regulations following the country\u2019s election and transition to a new administration.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/NiCbZoWO\/\" alt=\"Crypto total market cap chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">Total market cap at $.26 trillion | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">Crypto Total Market Cap on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Bitcoin Sistemi, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse has boldly forecasted a transformative shift in the crypto industry, envisioning a $5 trillion market capitalization for cryptocurrencies in 2024.\u00a0 Ripple CEO Says Crypto Market Cap To Double By Year\u2019s End Appearing in a recent interview with CNBC, Garlinghouse made a shocking prediction, stating that he sees the entire market capitalization of the crypto industry surging to $5 trillion by the end of 2024. The significance of this prediction carries severe weight, not just because of the startling numbers but also due to its ambitious timeline.\u00a0 Related Reading: Dogecoin Finds A Bottom: How The 7-Year Cycle Can Send Price To $40 Since the concept of cryptocurrency was first introduced about 40 years ago and the inception of Bitcoin in 2009, the overall market capitalization of the industry has only been able to reach about $2.5 trillion. This massive growth in a dynamic industry has been fueled by the evolutionary changes that have significantly reshaped the fundamentals of the financial sector.\u00a0 A rise to $5 trillion, as Garlinghouse expects, will see the crypto industry\u2019s market capitalization doubling in about nine months. This substantial increase in such a short period would spell a revolutionary shift in the industry, extending its dominance as one of the most lucrative and thriving markets in the world.\u00a0 Currently, according to CoinMarketCap, the global crypto market capitalization is estimated at $2.59 trillion, reflecting a 0.74% increase in the past 24 hours. The cumulative market volume has also grown to about $61.98 billion, with Bitcoin dominance recording more than 50% of the total cryptocurrency market.\u00a0 Key Factors To Fuel Market Cap Growth During his interview, Garlinghouse revealed several crucial factors that could drive the crypto market capitalization to $5 trillion. The Ripple CEO disclosed that macro factors, including the Spot Bitcoin Exchange Traded Funds (ETFs) and the upcoming Bitcoin halving event, were prime catalysts for the market\u2019s expansion.\u00a0 Related Reading: $115-Million Bitcoin Whale Wakes Up From 10-Year Slumber \u2013 What\u2019s Next? Expressing optimism about the crypto industry, the CEO shared insights from his years observing the market\u2019s trends. He emphasized that the introduction of ETFs has been a major driver, attracting institutional investors globally and pushing substantial funds into the market.\u00a0 Additionally, Garlinghouse pointed out that due to these macro factors, the demand for cryptocurrencies is increasing while its supply is dwindling. He implied that this imbalance in supply and demand typically results in price appreciation, eventually having a positive impact on the overall market.\u00a0 The Ripple CEO has also stated that he expects more regulatory clarity within the crypto industry, particularly in the United States. He hinted at the possibility of a favourable change in crypto regulations following the country\u2019s election and transition to a new administration. Total market cap at $.26 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Bitcoin Sistemi, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":602028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,83363],"tags":[6664,15983,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-602003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-xrp","tag-crypto","tag-crypto-industry","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Ripple CEO Makes Bold Prediction For Crypto Market - $5 Trillion In 2024<\/title>\n<meta name=\"description\" content=\"The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse has boldly forecasted a transformative shift in the crypto industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/ripple-ceo-5-trillion-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple CEO Makes Bold Prediction For Crypto Market - $5 Trillion In 2024\" \/>\n<meta property=\"og:description\" content=\"The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse has boldly forecasted a transformative shift in the crypto industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/ripple-ceo-5-trillion-in-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-08T12:00:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T09:31:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Ripple-CEO-Small.jpeg?fit=320%2C180\" \/>\n\t<meta property=\"og:image:width\" content=\"320\" \/>\n\t<meta property=\"og:image:height\" content=\"180\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-ceo-5-trillion-in-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-ceo-5-trillion-in-2024\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Ripple CEO Makes Bold Prediction For Crypto Market &#8211; 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