😱😱😱Crypto prediction for the end of the year from Ripple CEO: It will be $ 5 trillion
#BradGarlinghouse CEO of Ripple, the company that launched XRP and has made his name public with lawsuits in recent years, stated that the cryptocurrency market could "easily" reach double the current level by the end of the year. "I expect the crypto market to pass $5 trillion by the end of this year," Garlinghouse said.
Brad Garlinghouse, the famous CEO of Ripple, a micropayments company and XRP issuer company, spoke to CNBC from the US media and said that the forecast for the cryptocurrency market at the end of the year is $ 5 trillion.
"Demand is increasing, supply is decreasing”
Stating that both macro-economic factors and factors directly related to the crypto world will play an important role in this, Garlinghouse said:
“I have experienced many cycles one-on-one over the years. Upward trends have come and gone. But I think this time is different. It is because of ETFs that institutional money is flowing into Bitcoin so intensively for the first time. Demand is increasing and supply will also decrease. I think the award halving is very important in this sense. It is not necessary to study economics to predict what will happen when demand increases and supply decreases.”
“Although the United States is by far the largest economy in the world, it has Decried a hostile attitude towards cryptocurrencies until now. Unfortunately, this is how it happened. But this situation is changing. I think this change will also push up prices and a more transparent regulatory regime will increase prices. by the end of 2024, at this rate, cryptocurrency markets could easily exceed $ 5 trillion and reach 2 times the current level.”
As it is known, halving, one of the most important elements of the Bitcoin blockchain system, will take place on April 20-21, and the reward of 6.25 BTC per block received by miners will decrease to 3.125 BTC. The daily supply of 900 BTC will also decrease to 450 #BTC
