According to U.Today, Ripple CEO Brad Garlinghouse recently expressed his bullish market prediction about the crypto market reaching $5 trillion, suggesting that his forecast might be too conservative. In an interview with Fox Business, Garlinghouse stated that he may have 'underpredicted' the potential growth of the market. Despite the recent dramatic price decline of Bitcoin, he remains optimistic about its future, attributing this to the influence of exchange-traded funds (ETFs) and the upcoming halving event.
Garlinghouse explained his bullish prediction by stating that the market is driven by supply and demand. He believes that decreasing supply for various reasons and increasing demand, with the ETF being a key part of that, will drive the market's growth. He also emphasized the role of crypto as an asset, suggesting that more people are beginning to realize its value.
In the same interview, Garlinghouse criticized Senator Elizabeth Warren's claim that only bad actors use cryptocurrencies, calling it 'not true'. He advocated for a 'pro-innovation' and 'pro-compliance' cryptocurrency policy in the U.S., stating that it should not be a partisan issue.
Garlinghouse also addressed skepticism about Ripple's new stablecoin project, asserting that it will be beneficial for XRP. He dismissed claims that the company was giving up on the controversial cryptocurrency, expressing confidence in its future.