Considering BTC price trends, Garlinghouse viewed the outlook positively, saying,
“If you step back over the last six months, BTC is up about 250%. I think you’ll continue to see tailwinds, partly because of the ETFs that have been approved […] and also the upcoming halving, which is imminent.”
Garlinghouse also talked about his $5,000 billion crypto market prediction for 2024, highlighting supply-demand dynamics. Garlinghouse considered the BTC-spot ETF market fueling the demand side.
On crypto regulation and the likely effects on the crypto market, Garlinghouse believes US legislation would have a positive influence, saying,
“One of the headwinds that has held back the market, the largest economy in the world, the United States, has been one of the most problematic for the crypto market. Innovation, entrepreneurs, and capital have flown into markets that have actually constructively engaged this market. […] This administration has taken an anti-crypto stance led by the SEC.”
Garlinghouse singled out Senator Elizabeth Warren and her use of misinformation to target the crypto market.