Ripple CEO: The total market value of the cryptocurrency market is expected to exceed 5 trillion dollars this year

PANews reported on April 8th, according to CNBC, Ripple CEO Brad Garlinghouse said that he expects the total market value of the cryptocurrency market to double this year, breaking through 5 trillion US dollars. The reason is the arrival of the first spot Bitcoin ETF in the United States and the upcoming Bitcoin "halving". Garlinghouse stated: "It's easy to predict that by the end of this year, the overall market value of the cryptocurrency industry will double...[because it] is affected by all these macro factors." Garlinghouse also believes that one of other factors pushing crypto markets to new highs could be a positive regulatory momentum in America.