📰 Brad Garlinghouse, the CEO of Ripple, predicted that the price of Bitcoin would reach $180,000 by the end of 2026, during his participation in a session at Binance Blockchain Week.
📈 The forecasts and the logic behind them
* Major market predictions: Garlinghouse sees the total value of the cryptocurrency market reaching $5 trillion by late 2024.
* Role of regulatory policies: Garlinghouse links his $180,000 Bitcoin target to the need for clearer U.S. rules for cryptocurrencies.
* Ripple developments: It was mentioned that a new catalyst for this optimism is the SEC's conclusion of its case against Ripple. This view aligns with Ripple's interests, as the company has spent over $150 million defending itself against the SEC, making it a party with a vested interest in broader cryptocurrency adoption.
💰 Latest news about Ripple
In connection with the developments of Ripple, the results indicated some recent news (which may have differing dates in various contexts):
* No plans for an IPO: The company continues to affirm that there is currently no plan for an initial public offering.
* Fundraising and expansion: The company announced a funding round of $500 million, reaching a valuation of $40 billion, with expansion into services beyond payments and the launch of a stablecoin.
@Binance Square Official @Binance Africa
