CEO Brad Garlinghouse forecasts the crypto market’s value could once again double by the end of 2024. Garlinghouse’s prediction comes at a time when the industry is riding a wave of positive momentum, including major institutional investments and a favorable shift in U.S. regulatory landscapes.
The bullish outlook also comes despite Ripple’s ongoing legal tussle with the Securities and Exchange Commission (SEC) over its XRP sales.
Garlinghouse’s optimism is partly fueled by broader industry trends, such as the successful launch of ETFs and the increasing institutional money flowing into the market for the first time.
Ripple announced last week its plan to launch its own dollar-pegged stablecoin within the year as it seeks to bridge various cryptocurrencies across the XRP ledger and the blockchain.
The crypto market’s surge has been monumental, with the collective value of major players like Bitcoin,…
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