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HomeCrypto NewsMarketRipple CEO: Real U.S. Institutional Money Will Drive Unimaginable Crypto Growth

Ripple CEO: Real U.S. Institutional Money Will Drive Unimaginable Crypto Growth

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Brad Garlinghouse, the Ripple CEO, argues that the crypto industry could witness an unimaginable upside when real institutional money flows from the U.S. economy.

Garlinghouse voiced this during his appearance at the 2024 Consensus conference. He was asked to offer his perspective on the crypto industry’s trajectory over the next ten years. He began by lamenting the U.S.’s current market position amid unfavorable moves against crypto firms. 

Specifically, Garlinghouse highlighted that the U.S. falls into the lowest tenth regarding clear regulatory frameworks globally. He finds this paradoxical, considering that the U.S. is recognized as having the world’s leading economy.

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Notably, other jurisdictions like Hong Kong, UAE, Singapore, and Europe have made considerable strides in establishing crypto regulations, catalyzing innovation within the crypto sector.

When Real U.S. Institutional Money Enters Crypto

In parallel, Garlinghouse contended that if the U.S. economy truly opened its doors, allowing substantial institutional investments to pour into the crypto market, the scale of potential growth would be almost beyond prediction. In his words:

“I think when you get the real unlock of the United States economy with the real institutional money flowing in, it’s just hard to predict some of the upside opportunity.”

Widely followed community figure KING VALEX recently spotlighted Garlinghouse’s statement.

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Public U.S. Institutions Investing in Crypto

According to information from Bitcoin Treasuries, several U.S.-based public institutions are currently investing in Bitcoin. MicroStrategy, Marathon Digital Holdings, Tesla, and Coinbase Global are among the most prominent entities. For instance, MicroStrategy alone boasts a Bitcoin portfolio exceeding $14 billion.

In the ETF scene, the leading funds include BlackRock, which holds over $21 billion in Bitcoin, and Grayscale, with holdings exceeding $19.8 billion. Other U.S.-based ETFs collectively hold Bitcoin valued at over $20 billion.

Now, the crypto industry boasts a market worth over $2.53 trillion amid these involvements from the U.S. Ripple’s CEO believes the value would be unimaginable in years to come.

Ripple CEO Says $5 Trillion Possible This Year

Meanwhile, in an earlier interview, Garlinghouse forecasted a bold $5 trillion valuation by year-end. Interestingly, he stated that the $5 trillion estimate is not overly ambitious when considering the wider financial landscape. 

Garlinghouse cited the decreasing supply of Bitcoin following its recent halving event and the increased demand driven by the ETFs.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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