Ripple CEO Brad Garlinghouse has expressed optimism about Bitcoin’s future, suggesting a $200,000 price point isn’t far-fetched. He cites growing institutional interest and a friendlier US regulatory landscape as key drivers for long-term growth. A Bold but Grounded Prediction Speaking on Fox Business Network’s The Claman Countdown , Garlinghouse remarked, “I think $200,000 is not unreasonable.” He clarified that he wouldn’t predict XRP’s price, adding, “It’s too close to home.” Bitcoin is currently trading around $83,500, a 3% daily increase, though still 23% below its January 20 peak. Despite short-term fluctuations, Garlinghouse believes long-term macroeconomic trends are far more important than day-to-day movements. Regulatory Shift Could Unlock Crypto Growth Garlinghouse emphasized the dramatic change in the US regulatory environment, noting the transition from “headwinds, hostility” to “tailwinds.” He believes this positive shift hasn’t yet been fully appreciated by the market. “The 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,” he said. He also underscored crypto’s role as a hedge against inflation and economic instability. “The 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’re going to see value accrete to that market,” Garlinghouse added. XRP ETF Momentum Grows New developments on the ETF front are also supporting the broader market. Teucrium recently launched the first leveraged XRP ETF in the US—the 2x Long Daily XRP ETF—which saw strong debut volume of $5 million. Garlinghouse remains optimistic about XRP ETF approvals, predicting launches in the second half of the year. Analysts from JPMorgan and Standard Chartered estimate up to $8 billion in inflows during the first year if ETFs gain approval. Ripple’s Strategic Moves and Expansion Garlinghouse discussed Ripple’s $1.25 billion acquisition of prime broker Hidden Road, which he said would not have occurred under the previous regulatory environment. The acquisition aims to help institutions like BlackRock enter the crypto market with the infrastructure they trust. “This allows even larger institutions like BlackRock, like the biggest Wall Street financial institutions, to come into this market in a way they understand with a safer prime broker to help clear transactions and a bigger balance sheet to do that. It’s good for the whole industry,” he noted. Ripple’s headcount has also grown to around 1,100 employees, further signaling confidence in the company’s trajectory. Stablecoins and Legislation on the Horizon Garlinghouse highlighted growing momentum behind crypto regulation on Capitol Hill. Market structure bills and stablecoin legislation are gaining traction, with expectations that both could soon pass. Ripple’s RLUSD stablecoin, launched under a New York trust license, has already surpassed $250 million in market cap and is nearing the $300 million mark. Garlinghouse believes these developments point to a maturing and increasingly integrated crypto ecosystem.
