Ripple CEO explains the advantages of XRP: There is a world of difference

Ripple CEO Brad Garlinghouse has outlined the company’s future endeavors, which have big implications for XRP.

Garlinghouse shared this insight in a recent interview with FOX Business reporter Maria Bartiromo. The Fox reporter asked Garlinghouse what he thought of the bold prediction that the crypto market could double to $5 trillion.

Garlinghouse stressed that the $5 trillion crypto market forecast is not particularly ambitious overall. He pointed to the decreasing supply of Bitcoin, especially the upcoming Bitcoin halving, and exchange-traded funds (ETFs) driving demand for Bitcoin.

Given these dynamics, Garlinghouse suggested that he may have underestimated how big the crypto market will ultimately be.

When asked whether the crypto market would receive further positive momentum under clear regulatory laws in the United States, Garlinghouse answered in the affirmative. He stressed the historical significance of strict U.S. regulation in promoting the country's economy to global prominence.

However, he said these existing laws do present problems for the crypto industry. He highlighted instances where crypto innovators and entrepreneurs have chosen to relocate their operations to other economies with more favorable crypto regulations. Garlinghouse cites the examples of Dubai, Singapore and the United Kingdom.

Meanwhile, the Ripple CEO stressed the importance of the U.S. taking a pro-innovation and compliance stance toward crypto. He noted that such an approach could drive jobs and economic growth, and asserted that the blockchain industry is here to stay.

Additionally, Garlinghouse stressed that transparent crypto regulations will enable industry players to operate and scale their businesses with confidence.

Amid the discussion about regulatory clarity, Fox News asked about Ripple’s expected growth trajectory, especially as it plans to launch a dollar-backed stablecoin. Garlinghouse noted that more than 951 TP3T's clients are financial institutions outside the United States. He noted that Ripple provides payment and custody solutions to these institutions. Furthermore, the CEO revealed that Ripple wants to continue expanding despite the low acceptance in the U.S. market.

In addition, Garlinghouse said that the opportunity to become an infrastructure provider for the crypto market is huge, which is positive for both Ripple and the digital asset XRP it supports.

“The opportunity is huge. We think it’s going to be good for Ripple; we think it’s going to be good for XRP, the digital asset that we use. So, I’m very optimistic,” Garlinghouse commented.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may reflect the personal opinions of the author and do not necessarily reflect the opinions of The Crypto Basic. Readers should conduct comprehensive research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.