The CEO of one of the biggest companies in the industry told that cryptocurrency markets will hit all-time highs this year. When asked about the success of cryptocurrencies this year, Ripple CEO Brad Garlinghouse told, “I’m very bullish, and yes, I’ll go on record as saying, I think we’ll see an all-time high.”
Bitcoin, the world’s largest cryptocurrency, reached an all-time high of over $126,000 in October and was trading at roughly $89,000 on Wednesday.
Garlinghouse stated at the World Economic Forum in Davos, Switzerland on Tuesday that legal measures like as the groundbreaking GENIUS Act have “unlocked a lot of activity.”
In March, the Securities and Exchange Commission dismissed a four-year case against Ripple, which had cost the cryptocurrency business $150 million to defend. The SEC accused Ripple of raising $1.3 billion by selling its XRP token without registering it as a securities. “Ripple stands alone as the company that fought back—and won on essential legal questions,” Ripple Chief Legal Officer Stuart Alderoty told in March, following the case’s conclusion.
The GENIUS Act, approved in June, establishes industry standards like complete reserve backing and monthly audits.
According to Garlinghouse, the interest “major” financial institutions are displaying in cryptocurrency is a “massive sea change.” “I don’t think that’s priced into the crypto market as much as I would have expected right now,” he commented.
Ripple’s payment token, XRP, became one of this month’s breakout trades. On Wednesday, it was trading at around $1.90.
Garlinghouse declined to comment on Standard Chartered analysts’ predictions that XRP might hit $8 in 2026 and $12.50 by 2028.We have a strong stake in the XRP ecosystem,” he stated. “In another five or 10 years, you’re going to see continued, very positive momentum,” Garlinghouse stated.
Garlinghouse stated that he anticipated Binance, the biggest cryptocurrency exchange in the world, to reenter the U.S. market when asked what the major use cases for digital assets are going to be this year.
According to Garlinghouse, the GENIUS Act would enable stablecoins to “scale in a very big way,” and the cryptocurrency may improve the efficiency of processes like payroll.
Cryptocurrencies, according to him, are “settling into a really nice opportunity to grow for the next 10 years.”
Garlinghouse had high hopes for the Clarity Act, which would regulate cryptocurrencies. “It will be done. He remarked, “We are closer than we have ever been.
