Categories: Ripple

Ripple CEO says the XRP ecosystem’s progress excites him; comments on Bitcoin [BTC] price

Click here to view original web page at

Brad Garlinghouse, the CEO of Ripple, spoke about the price of XRP in a recent interview. He also spoke about the speculative state of the market, and the growth of the ecosystem.

On the price of XRP and digital assets in general, he stated that predicting the price of them is a “fool’s errand”. He went on to say that he does not understand the movements of Bitcoin [BTC]’s price. However, he did state:

“What I will say is that the long-term value of any digital asset is going to be derived from utility it creates.”

Garlinghouse stated that there are certain digital assets who’s trading is 100% speculative, and that there was no utility. He also said that the health of the ecosystem surrounding a coin was propotional to its demonstration of solving a real problem.

On speculative trading, Garlinghouse remarked:

“Those who are trading crypto purely based on speculation where there’s no problem being solved, that’s a dangerous game. I think I’ve publicly said that out of the 2000+ cryptocurrencies out there, I think that well over 90% of them are going away.”`

On the XRP ecosystem, the CEO stated:

“As we look at what we are doing in the XRP ecosystem and we look at what other companies are doing in the XRP ecosystem, we get excited about the progress we’re making.”

The CEO said that a lot of the excitement derived from XR being efficient for payments in terms of speed and cost. He even made a statement that XRP was 1000 times faster and cheaper than Bitcoin, the current market leader.

He went on to say that while the price performance of XRP does not matter to him, while the technical performance does. He also stated:

“I think about how to build products and solutions on top of this decentralized open source network in order to solve a customer problem. The more liquidity we create the better it is for the ecosystem. The short-term gyrations, that’s not something I think about.”


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Is Up Against An Extremely Important And Powerful Resistance Zone On The Monthly Chart: The Kijun-Sen (Base Line)

We can identify the price action causes of why price is finding it difficult to move higher by analyzing longer… Read More

5 hours ago

BTC ATM goes missing and no one notices

When you think of thieves stealing an ATM, the mind jumps to the idea of an exciting crime. Maybe there’s… Read More

5 hours ago

Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark… Read More

5 hours ago

Researchers Concur Current Bitcoin Market Cycle is Only Just Beginning

Bitcoin price cycles can be influenced by a number of factors, FOMO and public sentiment is one, and mining profitability… Read More

5 hours ago

Hopes for Bitcoin as China’s Renminbi Drops to 11-Year Low

A recent plunge in the bitcoin price is looking to negate some of its losses as China’s currency weakens to… Read More

5 hours ago

Why Bitcoin Rules in the ‘Insane’ World of Negative Interest Rates

Central banks around the world are on a negative rate binge to further a compelling case for bitcoin.. | Source:… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More