Ripple Labs CEO Brad Garlinghouse Predicts a Surge in Demand with the Advent of Spot Bitcoin ETFs
Ripple Labs CEO, Brad Garlinghouse, predicts a game-changing effect from the upcoming halving event in the crypto world. As demand for digital assets skyrockets and supply dwindles, Garlinghouse anticipates a surge in value and groundbreaking advancements.
“That doesn’t take an economics major to tell you what happens when supply contracts and demand expands.”
Brad Garlinghouse, Ripple Labs CEO
Revolutionizing the financial landscape, Garlinghouse boldly claims that the introduction of cryptocurrency ETFs has welcomed a wave of “true institutional capital” into the field.
With unwavering conviction, he highlights the impact of these investments in bringing crypto assets into the mainstream and solidifying their position as a powerful financial tool.
The CEO was laser-focused on crafting a robust regulatory framework for the ever-evolving industry in the United States. With the country’s highly anticipated presidential elections on the horizon, he predicted a potential shakeup in the upper echelons of power. According to the savvy businessman, the incoming administration will usher in a new era of support for the booming world of digital assets.
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Amidst a heated legal battle between Ripple and the SEC, Ripple’s CEO Brad Garlinghouse pointed out the hostile stance of the current U.S. administration towards cryptocurrencies. The Commission, acting as the regulator, has not shied away from showing its disdain for the digital currency market.
In fact, in a bold move, the SEC demanded a whopping $2 billion from Ripple in March 2023, adding fuel to the already intense conflict.