Ripple CEO and founder Brad Garlinghouse explained at a recent CNBC event that the “tribalism” around the world’s largest cryptocurrency Bitcoin (BTC) and other cryptocurrencies is hindering the growth of the nascent industry. He also revealed which altcoin projects he has on hand. Here are the details…
Ripple CEO attends Blockchain Summit
At the Paris Blockchain Week Summit, Garlinghouse noted to CNBC that the practice of tribalism in the cryptocurrency space is not healthy for him, adding that “polarization He stated that he thought he was not healthy. Garlinghouse believes that adopting other digital currencies other than XRP will not stop the rise of Ripple’s native cryptocurrency.
Kriptokoin.com According to Garlinghouse, accused by the US Securities and Exchange Commission (SEC) of selling unregistered securities for $1.3 billion, Ripple ( Being the CEO of XRP) did not prevent him from adopting other major cryptocurrencies, and the coins he holds are as follows:
I own Bitcoin, I own Ethereum (ETH), I also own some other coins. I firmly believe that this industry will continue to evolve.
What does he think of Bitcoin maximalists?
While Garlinghouse did not mention the names of investors who have dedicated their funds only to a particular cryptocurrency (Bitcoin), he stated that “there are some investors who are just advocating Bitcoin”, adding that “tribalism around Bitcoin and other cryptocurrencies is the cause of the $2 trillion market. holding it all back.” he added. For example, Jack Dorsey, former Twitter CEO and founder of Square Inc., has several times announced his support for Bitcoin and sponsored research to promote the development of the best asset class.
Dorsey stated earlier this year that he is a Bitcoin maximalist and does not intend to adopt another cryptocurrency, including Ethereum, in the near future. Similarly, Michael Saylor, CEO and founder of incoming business intelligence firm MicroStrategy, led the company to convert a large percentage of its cash reserves into Bitcoin. The company has consistently bought Bitcoin and added more than 129,000 from the world’s largest cryptocurrency. Commenting on this maximalism, Garlinhouse explained that the practice frustrates efforts to lobby US lawmakers, as most representatives will essentially agitate for the cryptocurrency they own.
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