In a bold statement during a panel discussion at Binance Blockchain Week, Ripple CEO Brad Garlinghouse projected that Bitcoin could achieve a price of $180,000 by December 31, 2026. This optimistic outlook follows a recent 7% rebound in Bitcoin”s value, which is currently trading at $93,216, according to CoinGecko data.
Garlinghouse”s assertion comes amid growing regulatory clarity in the United States and increasing institutional interest in the cryptocurrency sector. He emphasized that these factors are crucial in shaping a more favorable environment for Bitcoin and the broader crypto market.
The Ripple CEO expressed his confidence, stating, “I”ll go out on a limb, and I”ll say Bitcoin $180,000, December 31, 2026.” He believes that the upcoming year could be the most bullish for the cryptocurrency space, supported by macroeconomic trends that have not been seen in recent years.
Highlighting the significant shift in regulatory attitudes, Garlinghouse pointed out that the U.S. has moved from a hostile stance towards cryptocurrencies to one of acceptance, particularly under the previous administration. This newfound regulatory clarity, according to him, is greatly undervalued.
Furthermore, he noted the entry of major Wall Street firms into the cryptocurrency arena, mentioning institutions like Franklin Templeton, BlackRock, and Vanguard, which have begun to offer digital asset products to their clients. This marks a significant change from their previous anti-crypto positions.
Garlinghouse stressed that the evolution of cryptocurrency from speculative assets to tools with real-world utility is a critical development. He indicated that enhanced user interfaces and practical applications are making cryptocurrencies increasingly capable of solving actual problems.
While Garlinghouse remains optimistic, not all industry experts share his enthusiasm. Veteran trader Peter Brandt recently suggested that Bitcoin may not reach $200,000 by the end of this year, predicting that such levels might take up to four years to achieve following the current market cycle.
As the cryptocurrency landscape continues to evolve, the interplay between regulatory developments, institutional participation, and technological advancements will be crucial in determining the future trajectory of Bitcoin and the wider market.
