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Ripple CEO’s Comments Stir Up A Wave, Here’s What He Said
XRP pundits have drawn attention to Ripple CEO Brad Garlinghouse’s comments in which he made a Bitcoin prediction of $200,000. The Ripple CEO alluded to the current regulatory landscape and how it could drive BTC to this psychological level
Ripple CEO’s Comments About Bitcoin Resurface
XRP pundits COACHTY and XRP Queen drew attention to a FOX interview by the Ripple CEO, in which he predicted last year that Bitcoin could reach $200,000. He noted that this was an upgrade from his earlier prediction of $175,000. Garlinghouse explained that he believed a BTC rally to $200,000 was not ‘unreasonable’ given the current regulatory landscape
The Ripple CEO stated that people underestimate how the United States, the world’s largest economy, has gone from a headwind to a tailwind. It is worth noting that Garlinghouse was responding to a question highlighting that Cardano founder Charles Hoskinson had predicted Bitcoin could reach $250,000 by year-end 2025
However, the Ripple CEO didn’t provide a timeline for when Bitcoin could reach $200,000, which means his prediction remains valid. The focus is currently on the CLARITY Act, which pundits have predicted could spark the next bull run for Bitcoin and the broader crypto market when it passes
One of these pundits includes Fergani, who recently predicted that Bitcoin could rally to $200,000, in line with the CEO’s prediction, partly thanks to the CLARITY Act. The pundit also noted that institutional interest in crypto is increasing, which will also contribute to this rally to a new all-time high (ATH) for the leading crypto. The CLARITY Act is also expected to boost crypto adoption by providing regulatory certainty for institutional investors, who remain on the sidelines
Garlinghouse Fails To Give XRP Prediction
The Ripple CEO said that he could not give an XRP prediction because the altcoin is too “close to home,” alluding to his company’s massive 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 become more vocal about XRP since the settlement of the SEC lawsuit last year
On several occasions this year, the CEO has described XRP as their “North Star,” highlighting how important the token is to their operations. At the start of the year, he also reiterated that XRP has always and will remain the heartbeat of their vision. As part of this vision, it is worth noting that Ripple recently integrated XRP and RLUSD into Ripple Treasury, marking the first native on-chain enterprise treasury.
At the time of writing, the XRP price is trading at around $1.32, down in the last 24 hours, according to data from CoinMarketCap.