Summary
Ripple CEO predicts $5 trillion market cap for crypto by 2024, citing factors like US regulation and Bitcoin halving. Positive regulatory developments and increased institutional interest support bullish outlook for industry. Venture capital firms continue to invest in crypto and Web3 projects, indicating significant potential for the future.
Key Points
1. Ripple CEO Brad Garlinghouse predicts the total crypto market capitalization could reach $5 trillion by the end of 2024, fueled by macroeconomic factors and regulatory momentum.
2. The introduction of the first spot US-based Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving event are key factors in Garlinghouse’s optimistic forecast.
3. Positive regulatory developments in the United States could further bolster the crypto market, encouraging stability and attracting traditional industry giants to the sector.