-
Bitcoin (BTC) continues to walk a tightrope after weeks of volatile swings.
Since Oct. 10, BTC has fluctuated between $82,000 and $90,000 — a sharp drop from its early October peak of $126,000. As of Dec. 5, Bitcoin was trading around $91,009.90 at press time, down 1.5% over the past 24 hours, as per CoinGecko.
Despite the recent pullback, Ripple CEO Brad Garlinghouse remains bullish on the long-term outlook for Bitcoin and the broader crypto market.
Garlinghouse sees $180K Bitcoin by 2026
Speaking at Binance Blockchain Week during a panel on crypto’s future, Garlinghouse predicted Bitcoin could hit $180,000 by the end of 2026.
While he didn’t elaborate on the specifics behind his forecast, the Ripple executive emphasized that continued regulatory progress, the increasing adoption of crypto, and institutions like Vanguard and Franklin Templeton entering the crypto market with ETF offerings in the United States could serve as key catalysts for the next leg of the crypto market’s growth.
Although he doesn’t expect the bill to pass this year, he expressed optimism that “sometime in the first half of next year, we’ll see passage of legislation that will continue to unlock and create more tailwinds for the entire industry.”
More News:
The CLARITY Act and why it matters
The CLARITY Act is a bipartisan proposal designed to establish a clear regulatory framework for digital assets in the U.S. It aims to:
Supporters argue that the bill would give investors, developers, and businesses legal certainty, encouraging innovation and keeping crypto-related jobs within the U.S. rather than overseas.
Related: Ripple is building a 'JPMorgan rival,' says Wall Street CEO
This article has been published in thestreet.com via Yahoo News.
Ripple CEO makes bold new Bitcoin prediction
Bitcoin (BTC) continues to walk a tightrope after weeks of volatile swings. Since Oct. 10, BTC has fluctuated between $82,000 and $90,000 — a sharp drop from its early October peak of $126,000. As of Dec. 5, Bitcoin was trading around $91,009.90 at press time, down 1.5% over the past 24 ...
finance.yahoo.com
