Bitcoin ETFs, Halving To Power Crypto Market Past $5 Trillion Mark, Predicts Ripple CEO
Portfolio Pulse from Benzinga Neuro
Ripple CEO Brad Garlinghouse predicts the cryptocurrency market will reach a $5 trillion capitalization this year, driven by the launch of U.S. spot Bitcoin ETFs and the upcoming bitcoin halving. The optimism is also supported by the influx of institutional money and potential positive regulatory changes in the U.S.
April 08, 2024 | 4:59 am
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The launch of U.S. spot Bitcoin ETFs and the upcoming bitcoin halving are expected to significantly impact Bitcoin's value, potentially driving the entire crypto market to a $5 trillion capitalization.
The approval of U.S. spot Bitcoin ETFs and the bitcoin halving event are major factors that could lead to an increase in Bitcoin's price by making it more accessible to institutional investors and reducing its supply, respectively. This, combined with potential regulatory changes, could significantly boost the crypto market's total capitalization.
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RELEVANCE 90