Maindivider Newsdivider The cryptocurrency market will increase to $5 trillion by the end of 2024.

The cryptocurrency market will increase to $5 trillion by the end of 2024.

calendar 08-04-2024
Conclusions of the CEO of blockchain startup Ripple regarding the growth of the cryptocurrency market in the near future.

Ripple's CEO, Brad Garlinghouse, expressed his expectations for the cryptocurrency market by the end of 2024 in an interview with CNBC. According to him, the total market capitalization of cryptocurrencies may exceed $5 trillion. This doubling of the current value, as Garlinghouse says, will be driven by macroeconomic factors, including the launch of the first Bitcoin exchange-traded fund (ETF) in the United States and the approaching Bitcoin "halving."

Garlinghouse stated that his optimism is based on extensive experience in the cryptocurrency field and observation of its development. He emphasized that the growing interest of institutional players in this market, including announcements of ETF launches, is attracting real investments for the first time. Such trends, according to Garlinghouse, lead to an increase in demand for cryptocurrency, which in turn leads to an increase in its value.

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