Garlinghouse said that he avoids short-term Bitcoin predictions and is focused on long-term macro trends. The CEO of Ripple is confident that macro tailwinds and the reversal of US regulatory hostility will continue to drive value in the crypto space.<\/p>\n
\n\u201cI think about what are the macro trends playing out for the crypto industry, for the XRP ecosystem,\u201d said Garlinghouse. \u201cXRP has been the best-performing major crypto in the last 90 days. We think about it as, what does that look like over the next three years? I\u2019m very optimistic.\u201d<\/p>\n<\/blockquote>\n
Garlinghouse believes people are underestimating the impact of the US economy on the crypto market. He noted that the economic powerhouse has transitioned from \u201cheadwinds, hostility\u201d to \u201ctailwinds,\u201d yet the market hasn\u2019t fully grasped the positive impact of this regulatory shift.<\/p>\n
\n\u201cThe largest asset managers in the world go from relatively frozen out or hostile to now a friendly market. This has sensible regulation that is thinking about pro-innovation here at home,\u201d he said.<\/p>\n<\/blockquote>\n
Garlinghouse agrees that crypto acts as a hedge against inflation and global currency instability, though short-term movements are volatile.<\/p>\n
\n\u201cThe long-term value here is going to be very clear. It (crypto) is a hedge against inflation. It is a dynamic where the more utility we drive in the crypto markets, the more we\u2019re going to see value accrete to that market,\u201d he said.<\/p>\n<\/blockquote>\n
Bitcoins ETFs as a safer, institutionalized gateway into crypto markets<\/h2>\n
This week, Teucrium launched the 2x Long Daily XRP ETF, the first-ever leveraged XRP ETF in the US. The product saw debut trading volume of $5 million<\/a>, placing it in the top 5% of all new ETF launches.<\/p>\nOn the spot ETF market, multiple applications for XRP ETFs have been filed in the US, though none have been approved yet. Garlinghouse said an XRP ETF would represent a safer, more institutional gateway into the crypto market.<\/p>\n
He previously predicted that XRP ETFs would debut in the second half of this year. JPMorgan and Standard Chartered estimate XRP ETFs could attract $8 billion<\/a> in inflows in the first year if they are approved.<\/p>\n<\/p>\n