Key dealers
- Ripple CEO Brad Garlinghouse proposes that Bitcoin can reach $ 200,000 due to US crypt -friendly policy.
- Ripple determines its Sec -right dispute for $ 50 million, which facilitates their growth and acquisitions.
Ripple CEO Brad Garlinghouse said that Bitcoin’s price of $ 200,000 can be achieved when institutional interest rises and US regulators switch to a more crypt -friendly strategy.
“I think $ 200.00 is not unreasonable,” Garlinghouse said when asked about his bitcoin prize target under An interview With Fox Business Network’s The Claman Countdown on Friday. “I would not predict XRP. It’s too close to home.”
Co Ringecko data Shows bitcoin of about $ 83,500, which reflects an increase of 3% over the past day. However, the leading digital asset is still 23% lower than its top value reached January 20.
Garlinghouse said he avoids short-term Bitcoin prospects and is focused on long-term macro trends. The CEO of Ripple is convinced that macrovinds and the reversal of US regulatory hostility will continue to drive value in crypto gym.
“I think about what is the macro trends that play for the crypto industry for the XRP ecosystem,” Garlinghouse said. “XRP has been the best performing big crypto in the last 90 days. We think about it as, what does it look like for the next three years? I am very optimistic.”
Garlinghouse believes that people underestimate the impact of the American economy on the crypto market. He noted that the Economic Power Agency has switched from “headwind, hostility” to “stained”, but the market does not fully have the positive effect of this regulatory change.
“The largest asset managers in the world go from relatively frozen or hostile to now a friendly market. This has sensible regulation that thinks about Pro-Innovation here at home,” he said.
Garlinghouse agrees that crypto acts as a hedge against inflation and global currency stability, although short -term movements are volatile.
“The long -term value here will be very clear. It (crypto) is a hedge against inflation. It is a dynamic where the more tools we run in the crypto markets, the more we will see value to that market to that market,” he said.
ETFs as a safer, institutionalized gateway to crypto markets
This week, Teucrium launched the 2x long daily XRP ETF, the first Leveaged XRP ETF in the United States. The product saw the debut Trade volume of $ 5 millionPlace it in the 5% of all new ETF launches.
On site the ETF market, several applications for XRP ETFs have been submitted in the US, although no one has been approved yet. Garlinghouse said that an XRP ETF would represent a safer, more institutional gate to the crypto market.
He previously predicted that XRP ETFS would debut during the second half this year. Jpmorgan and standard chartered estimate XRP ETFS can attract $ 8 billion in inflows the first year if they are approved.
Discuss Ripples Last $ 1.25 Billion Acquisition of Hidden RoadGarlinghouse said that the company would not have done the deal a year ago due to hostile regulatory conditions during the Biden administration.
The move comes when the company expands its labor to approximately 1,100 employees. He said that the acquisition could enable Wall Street Giants to access crypto via traditional infrastructure, according to him.
“This means that even larger institutions such as Blackrock, such as the largest financial institutions in Wall Street, can enter this market in a way they understand with a safer primary broker to help clear transactions and a larger balance sheet to do so. It is good for the entire industry,” he said.
During Trump, Ripple has seen a clear political change that benefits cryptoinnovation. Garlinghouse credited David Sacks, Scott Bessent and Recently confirmed SEC Chairman Paul Atkins To create a more crypto -friendly regulatory environment.
Garlinghouse noted that Stablecoin legislation and bills on the market structure have gained momentum in Capitol Hill. He expects that federal Stablecoin legislation and reform of the market structure will soon pass and help companies such as Ripple, Circle and Tether.
Ripples Rlusd Stablecoin, which was launched during a New York Trust license.
