Main navigation

Ripple CEO Weighs In on Crypto Market Rally

Fri, 10/11/2023 - 5:49
Ripple CEO Weighs In on Crypto Market Rally
Cover image via
Read U.TODAY on
Google News

Ripple CEO Brad Garlinghouse offered his insights during a fireside chat with CNBC’s Dan Murphy, commenting on the resilience of the cryptocurrency industry. 

Despite facing significant challenges, Garlinghouse pointed out the robust growth of the crypto market, which has seen a 20 to 30% increase this year. The Ripple boss has noted that the crypto market has managed to reach a valuation of approximately $1.3 to $1.4 trillion. 

His commentary comes at a pivotal time when the industry is navigating through "massive headwinds." Yet, it continues to show a promising upturn.

A win for bruised bulls

Bitcoin has marked a significant milestone, rallying past its pre-Terra crash levels, a recovery that has taken over 18 months. 

The leading cryptocurrency soared to nearly $38,000 on Thursday, the highest since May 2022, before the TerraUSD stablecoin debacle which triggered widespread failures across the crypto space. 

Ripple CEO Immortalizes XRP With New Tattoo

Analysts from Bloomberg predict a 90% chance for a spot Bitcoin ETF by Jan. 10, showcasing a renewed optimism among investors. 

This long-awaited cryptocurrency rally rally shows signs of moving past the trauma of the last crash.

Meanwhile, Ethereum has topped the $2,000 mark due to BlackRock's ETF filing. 

Other notable cryptocurrencies like BNB, XRP, and Solana have also experienced significant gains, underscoring the market's overall bullish sentiment.

Taking a long view  

During a recent conversation at DC Fintech Week, Garlinghouse noted that XRP was also on a tear. 

However, he has no "magical window" to see what drives crypto prices. 

"If I had a magical window to see what drives crypto prices, I probably would quit this job and just go do that," he quipped. 

The Ripple boss further noted that he prefers to take a long view.    


Latest Press Releases

ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
Our social media
There's a lot to see there, too

Popular articles