Ripple CEO Brad Garlinghouse anticipates the total value of the cryptocurrency market will double this year.
He references the launch of the first U.S. Bitcoin exchange-traded fund (ETF) and the forthcoming Bitcoin halving event as key factors.
“The overall market capitalization of the cryptocurrency industry is expected to double by the end of this year, influenced by a range of macroeconomic factors,” Garlinghouse reportedly said.
He also considers the potential for favorable regulatory changes in the United States as another catalyst for the market’s growth.
SNAPSHOT: Cryptocurrency market value as of 8th April 2024
Let’s check in on the prediction at the end of the year and see where the crypto market is.