{"id":604065,"date":"2024-04-19T18:00:33","date_gmt":"2024-04-19T18:00:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=604065"},"modified":"2024-06-12T09:33:27","modified_gmt":"2024-06-12T09:33:27","slug":"ripple-ceo-5-trillion-crypto","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-ceo-5-trillion-crypto\/","title":{"rendered":"Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction, Unveils New Target"},"content":{"rendered":"

The Chief Executive Officer (CEO) of Ripple, <\/span>Brad Garlinghouse<\/span><\/a>, has revised his earlier ambitious prediction on the crypto industry\u2019s future market capitalization, acknowledging that he had underestimated the <\/span>market\u2019s potential surge.<\/span><\/a>\u00a0<\/span><\/p>\n

Ripple CEO Underpredicts Crypto Market Cap<\/h2>\n

Appearing in a recent interview with Fox Business, Garlinghouse <\/span>shed light<\/span><\/a> on the growth potential of the cryptocurrency market as well as its performance since the beginning of the year.\u00a0<\/span><\/p>\n

The Ripple CEO was questioned about his previous optimistic forecast for the crypto industry\u2019s market capitalization, in which he projected that the <\/span>market cap would double to approximately $5 trillion<\/span><\/a> by the end of the year. According to CoinMarketCap, the current global cryptocurrency market capitalization stands at roughly around $2.25 trillion.\u00a0<\/span><\/p>\n

Related Reading: Here\u2019s What Would Happen If The Bitcoin Price Fell Below $58,000<\/a><\/div>\n

In response to the inquiry, Garlinghouse expressed his belief that his previous predictions were not overly ambitious, emphasizing the <\/span>market\u2019s potential for further growth<\/span><\/a>. He admitted to underpredicting the industry\u2019s potential market capitalization by the end of 2024, citing factors such as the current <\/span>supply and demand dynamics<\/span><\/a> driving additional increases.\u00a0<\/span><\/p>\n

Garlinghouse noted that the current market conditions are characterized by <\/span>increased demand and reduced supply<\/span><\/a>, with these dynamics playing a significant role in the performance of cryptocurrencies.\u00a0<\/span><\/p>\n

He disclosed that the <\/span>Spot Bitcoin ETF market <\/span><\/a>and the overall sentiment regarding Bitcoin\u2019s value have significantly boosted demand for the cryptocurrency. Meanwhile, Bitcoin\u2019s supply is diminishing due to the increasing number of large-scale<\/span> investors purchasing the cryptocurrency rapidly<\/span><\/a>. Additionally, the impending Bitcoin halving event is expected to further decrease the cryptocurrency\u2019s supply.\u00a0<\/span><\/p>\n

Assessing the current state of the crypto market, Garlinghouse stated that since the last six months, Bitcoin has <\/span>been up by more than 250%<\/span><\/a>, with further increases anticipated. He also asserted that this overperformance was largely driven by the approval and launch of Spot Bitcoin ETFs as well as the <\/span>upcoming Bitcoin halving.\u00a0<\/span><\/a><\/p>\n

Regulations Are Vital For Market Development<\/h2>\n

Garlinghouse has disclosed that establishing <\/span>proper regulatory frameworks<\/span><\/a> for the cryptocurrency market would yield positive outcomes for the market in the future.\u00a0<\/span><\/p>\n

He explained that one of the primary factors hindering the growth of this evolving market was the United State\u2019s prevailing anti-crypto stance, suggesting that the <\/span>country\u2019s enforcement actions<\/span><\/a> on the developing industry were \u201cproblematic.\u201d<\/span><\/p>\n

Related Reading: Goldman Sachs On Bitcoin Halving: \u2018It doesn\u2019t Matter If It\u2019s A Buy The Rumor, Sell The News Event\u2019<\/a><\/div>\n

The Ripple CEO highlighted several countries, including <\/span>Dubai<\/span><\/a>, <\/span>Singapore<\/span><\/a> and the <\/span>United Kingdom<\/span><\/a>, which have been proactively embracing cryptocurrencies and implementing proper regulatory systems to foster further growth in the market.\u00a0<\/span><\/p>\n

Garlinghouse has asserted that the US has significantly lagged in recognizing the transformative and innovative impact of the cryptocurrency market, attributing this setback to the <\/span>United States Securities and Exchange Commission (SEC)<\/span><\/a> and its current Chair, Gary Gensler.<\/span><\/p>\n

\"Crypto<\/p>\n

Total market cap at $2.2 trillion | Source: Crypto Total Market Cap on Tradingview.com<\/a><\/pre>\n
Featured image from Bitcoinist, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, has revised his earlier ambitious prediction on the crypto industry\u2019s future market capitalization, acknowledging that he had underestimated the market\u2019s potential surge.\u00a0 Ripple CEO Underpredicts Crypto Market Cap Appearing in a recent interview with Fox Business, Garlinghouse shed light on the growth potential of the cryptocurrency market as well as its performance since the beginning of the year.\u00a0 The Ripple CEO was questioned about his previous optimistic forecast for the crypto industry\u2019s market capitalization, in which he projected that the market cap would double to approximately $5 trillion by the end of the year. According to CoinMarketCap, the current global cryptocurrency market capitalization stands at roughly around $2.25 trillion.\u00a0 Related Reading: Here\u2019s What Would Happen If The Bitcoin Price Fell Below $58,000 In response to the inquiry, Garlinghouse expressed his belief that his previous predictions were not overly ambitious, emphasizing the market\u2019s potential for further growth. He admitted to underpredicting the industry\u2019s potential market capitalization by the end of 2024, citing factors such as the current supply and demand dynamics driving additional increases.\u00a0 Garlinghouse noted that the current market conditions are characterized by increased demand and reduced supply, with these dynamics playing a significant role in the performance of cryptocurrencies.\u00a0 He disclosed that the Spot Bitcoin ETF market and the overall sentiment regarding Bitcoin\u2019s value have significantly boosted demand for the cryptocurrency. Meanwhile, Bitcoin\u2019s supply is diminishing due to the increasing number of large-scale investors purchasing the cryptocurrency rapidly. Additionally, the impending Bitcoin halving event is expected to further decrease the cryptocurrency\u2019s supply.\u00a0 Assessing the current state of the crypto market, Garlinghouse stated that since the last six months, Bitcoin has been up by more than 250%, with further increases anticipated. He also asserted that this overperformance was largely driven by the approval and launch of Spot Bitcoin ETFs as well as the upcoming Bitcoin halving.\u00a0 Regulations Are Vital For Market Development Garlinghouse has disclosed that establishing proper regulatory frameworks for the cryptocurrency market would yield positive outcomes for the market in the future.\u00a0 He explained that one of the primary factors hindering the growth of this evolving market was the United State\u2019s prevailing anti-crypto stance, suggesting that the country\u2019s enforcement actions on the developing industry were \u201cproblematic.\u201d Related Reading: Goldman Sachs On Bitcoin Halving: \u2018It doesn\u2019t Matter If It\u2019s A Buy The Rumor, Sell The News Event\u2019 The Ripple CEO highlighted several countries, including Dubai, Singapore and the United Kingdom, which have been proactively embracing cryptocurrencies and implementing proper regulatory systems to foster further growth in the market.\u00a0 Garlinghouse has asserted that the US has significantly lagged in recognizing the transformative and innovative impact of the cryptocurrency market, attributing this setback to the United States Securities and Exchange Commission (SEC) and its current Chair, Gary Gensler. Total market cap at $2.2 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Bitcoinist, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":604075,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3,16894],"tags":[6664,15561,10923,14690,1558,1564,3680,86945,17209,4531,83637,13172,10972,78763],"class_list":["post-604065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","category-ripple","tag-crypto","tag-crypto-adoption","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-cryptocurrency-market","tag-ripple","tag-ripple-ceo","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nRipple CEO Walks Back $5 Trillion Crypto Marker 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction, Unveils New Target","url":"http:\/\/ktsl888.com\/news\/ripple-ceo-5-trillion-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple-ceo-5-trillion-crypto\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Ripple-CEO-Crypto.jpeg?resize=200%2C168","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Ripple-CEO-Crypto.jpeg?fit=300%2C168"},"articleSection":"Crypto","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto adoption","crypto market","crypto news","cryptocurrency","cryptocurrency market","ripple","ripple ceo","ripple news","xrp","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-04-19T18:00:33Z","datePublished":"2024-04-19T18:00:33Z","dateModified":"2024-06-12T09:33:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction, Unveils New Target\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple-ceo-5-trillion-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple-ceo-5-trillion-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Ripple-CEO-Crypto.jpeg?resize=200%2C168\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Ripple-CEO-Crypto.jpeg?fit=300%2C168\"},\"articleSection\":\"Crypto\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto adoption\",\"crypto market\",\"crypto news\",\"cryptocurrency\",\"cryptocurrency market\",\"ripple\",\"ripple ceo\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-04-19T18:00:33Z\",\"datePublished\":\"2024-04-19T18:00:33Z\",\"dateModified\":\"2024-06-12T09:33:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Ripple-CEO-Crypto.jpeg?fit=300%2C168","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/604065"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=604065"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/604065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/604075"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=604065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=604065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=604065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}