{"id":602003,"date":"2024-04-08T12:00:36","date_gmt":"2024-04-08T12:00:36","guid":{"rendered":"https:\/\/wncen.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:\/\/wncen.com\/news\/ripple-ceo-5-trillion-in-2024\/","title":{"rendered":"Ripple CEO Makes Bold Prediction For Crypto Market – $5 Trillion In 2024"},"content":{"rendered":"

The Chief Executive Officer (CEO) of Ripple, <\/span>Brad Garlinghouse<\/span><\/a> has boldly forecasted a transformative shift in the crypto industry, envisioning a $5 trillion <\/span>market capitalization for cryptocurrencies<\/span><\/a> in 2024.\u00a0<\/span><\/p>\n

Ripple CEO Says Crypto Market Cap To Double By Year\u2019s End<\/h2>\n

Appearing in a recent interview with CNBC, Garlinghouse made a shocking prediction, stating that he sees the entire <\/span>market capitalization of the crypto industry<\/span><\/a> 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

Related Reading: Dogecoin Finds A Bottom: How The 7-Year Cycle Can Send Price To $40<\/a><\/div>\n

Since the concept of cryptocurrency was first introduced about 40 years ago and the inception of <\/span>Bitcoin<\/span><\/a> in 2009, the overall market capitalization of the industry has only been able to <\/span>reach about $2.5 trillion<\/span><\/a>. 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

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

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

Key Factors To Fuel Market Cap Growth<\/h2>\n

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>Spot Bitcoin Exchange Traded Funds (ETFs)<\/span><\/a> and the <\/span>upcoming Bitcoin halving event<\/span><\/a>, were prime catalysts for the market\u2019s expansion.\u00a0<\/span><\/p>\n

Related Reading: $115-Million Bitcoin Whale Wakes Up From 10-Year Slumber \u2013 What\u2019s Next?<\/a><\/div>\n

Expressing optimism about the crypto industry, the CEO shared insights from his years observing the market\u2019s trends. He emphasized that the <\/span>introduction of ETFs<\/span><\/a> has been a major driver, attracting institutional investors globally and pushing <\/span>substantial funds into the market.<\/span><\/a>\u00a0<\/span><\/p>\n

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>imbalance in supply and demand<\/span><\/a> typically results in price appreciation, eventually having a positive impact on the overall market.\u00a0<\/span><\/p>\n

The Ripple CEO has also stated that he expects more <\/span>regulatory clarity<\/span><\/a> within the crypto industry, particularly in the <\/span>United States<\/span><\/a>. 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

\"Crypto<\/p>\n

Total market cap at $.26 trillion | Source: Crypto Total Market Cap on Tradingview.com<\/a><\/pre>\n
Featured image from Bitcoin Sistemi, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
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":"\nRipple 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:\/\/wncen.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 - 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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:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple CEO Makes Bold Prediction For Crypto Market – $5 Trillion In 2024","url":"http:\/\/wncen.com\/news\/ripple-ceo-5-trillion-in-2024\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple-ceo-5-trillion-in-2024\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ripple-CEO-Small.jpeg?resize=200%2C180","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ripple-CEO-Small.jpeg?fit=320%2C180"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto industry","crypto news","ripple","ripple news","xrp","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-04-08T12:00:36Z","datePublished":"2024-04-08T12:00:36Z","dateModified":"2024-06-12T09:31:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple CEO Makes Bold Prediction For Crypto Market – $5 Trillion In 2024\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-ceo-5-trillion-in-2024\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-ceo-5-trillion-in-2024\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Ripple-CEO-Small.jpeg?resize=200%2C180\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Ripple-CEO-Small.jpeg?fit=320%2C180\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto industry\",\"crypto news\",\"ripple\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-04-08T12:00:36Z\",\"datePublished\":\"2024-04-08T12:00:36Z\",\"dateModified\":\"2024-06-12T09:31:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ripple-CEO-Small.jpeg?fit=320%2C180","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/602003"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=602003"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/602003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/602028"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=602003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=602003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=602003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}