Ripple CEO Makes Stunning Market Prediction, Here's Why April 10 Is Crucial Date for Crypto ...

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U.Today provides you with an overview of the past day’s crypto events with the top three news stories.

Ripple CEO makes stunning market prediction

According to a recent CNBC report, Brad Garlinghouse, head of San Francisco-based fintech giant Ripple, expects the total cryptocurrency market cap to top $5 trillion this year. He stated that he is "very optimistic" about the current state of the industry. Among the key factors that could potentially influence the direction of the crypto market, Garlinghouse named favorable micro-financial conditions, including the advent of Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving event. According to the Ripple boss, this is the first time that "real institutional money" is being drawn to the industry. Previously, U.Today reported that Garlinghouse met the SEC's approval of spot Bitcoin ETFs with great enthusiasm, claiming that the significance of this milestone could not be overstated and that it would be "yet another catalyst" for institutional adoption