- Ripple Labs CEO, Brad Garlinghouse, predicts the U.S. Securities and Exchange Commission (SEC) will lose its battle against crypto in the long term.
- Garlinghouse believes that the crypto industry is set to thrive, despite the SEC’s anti-crypto stances and enforcement actions.
- He asserts that even the US dollar, one of the best-managed fiat currencies, is losing its purchasing power over time.
Ripple CEO Brad Garlinghouse foresees a bright future for the crypto industry, predicting that the SEC’s anti-crypto stance will not hinder its long-term growth.
Garlinghouse’s Optimistic Outlook on Crypto
In a recent interview on the World Class podcast, Garlinghouse expressed his optimism about the future of crypto. Despite the SEC’s current enforcement actions, he sees these as mere speed bumps in the multi-decade growth arc of crypto. He believes that the best technology usually wins in the long run, and in this case, crypto’s ability to reduce friction, reduce cost, and increase efficiency gives it a winning edge.
Crypto Industry’s Inevitable Growth
Garlinghouse further argues that the growth of the crypto industry is inevitable. He points out that even the US dollar, one of the best-managed fiat currencies, is losing its purchasing power over time. He predicts that the crypto market cap, currently at $2.5 trillion, could easily increase tenfold over the next five to ten years. This growth, he asserts, is set in stone.
Conclusion
Despite the current regulatory challenges, Ripple’s CEO remains bullish on the future of crypto. His predictions suggest a future where crypto not only survives but thrives, reshaping the way transactions work and offering a more efficient alternative to traditional fiat currencies.
