According to Ripple CEO Brad Garlinghouse, the total value of digital currencies is projected to exceed $5 trillion by the end of 2024. He made this prediction during an interview on CNBC.
This forecast is supported by the current macroeconomic uncertainties, which make digital currencies more attractive.
The emergence of exchange-traded crypto funds ETFs and the upcoming halving event are creating favorable conditions for a significant influx of institutional capital into virtual assets.
Garlinghouse expressed his optimism about this trend, as he has been working in the field for a long time and sees a global trend towards institutional investment in cryptocurrencies.
He also predicts that in the second half of the year, the crypto market capitalization will double from its current $2.6 trillion. If his forecast is correct, the value of digital currencies could reach $5.2 trillion by the end of December.
