XRP experts have drawn attention to Brad Garlinghouse, CEO of Ripple comments in which he made a $200,000 Bitcoin prediction. The Ripple CEO hinted at the current regulatory landscape and how it could drive BTC to this psychological level.
Ripple CEO Comments on Bitcoin Overhaul
Experts XRP COACHTY and XRP Queen attracted attention to a FOX interview with Ripple’s CEO, in which he predicted last year that Bitcoin could reach $200,000. He noted that this was an improvement on his earlier forecast of $175,000. Garlinghouse explained that he believed a BTC surge to $200,000 was not “unreasonable” given the current regulatory landscape.
Ripple’s CEO said people underestimate how the United States, the world’s largest economy, went from a headwind to a tailwind. It should be noted that Garlinghouse was responding to a question pointing out that Charles Hoskinson, founder of Cardano had predicted that Bitcoin could reach $250,000 by the end of 2025.
However, the Ripple CEO did not provide a timetable for when Bitcoin could reach $200,000, meaning his prediction remains valid. The current focus is on the CLARTÉ lawwhich experts say could spark the next bull run for Bitcoin and the broader crypto market when it passes.
One of these experts includes Fergani, who recently predicted that Bitcoin could recover to $200,000, in line with the CEO’s predictions, thanks in part to the CLARITY Act. The expert also noted that institutional interest in crypto is increasing, which will also contribute to this rally towards a new all-time high (ATH) for the leading crypto. The CLARITY Act is also expected to boost crypto adoption by providing regulatory certainty to institutional investors, who remain on the sidelines.
Garlinghouse fails to give XRP prediction
Ripple’s CEO said he couldn’t give a prediction on XRP because the altcoin is too “close to home,” hinting at his company’s huge investment. XRP Holdings. Ripple also notably uses XRP for the majority of its operations, including its payment services, as a bridge currency. However, it is worth noting that Garlinghouse has been more vocal about XRP since the SEC lawsuit was settled last year.
On several occasions this year, the CEO has described XRP as his “North Star,” emphasizing the importance of the token to their operations. At the beginning of the year, he also reiterated that XRP has always and will remain the core of their vision. As part of this vision, it should be noted that Ripple recently integrated XRP and RLUSD in Ripple Treasury, marking the first on-chain native corporate treasury.
At the time of writing, the price of XRP is trading at around $1.32, down over the past 24 hours, according to data from CoinMarketCap.
Featured image from iStock, chart from Tradingview.com
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