Ripple’s Brad Garlinghouse Says Bitcoin Isn’t Going To Rule The Cryptocurrency Industry Forever, Will XRP Take Bitcoin’s Place?

Ripple News Today – The CEO of Ripple, Brad Garlinghouse, has always been bearish on Bitcoin. On more than one occasion, he has said that Bitcoin doesn’t live up to its name as seen in our previous Ripple news. His negative stance on Bitcoin has fueled the hatred between the Bitcoin community and the XRP army. While Bitcoin supporters claim that XRP is centralized and should not be regarded as a digital currency, Ripple supporters claim that Bitcoin’s technology is outdated and should be replaced by something new, XRP. With the price of Bitcoin up by more than 200% within the year, how does Garlinghouse feel about the future of the flagship cryptocurrency?

Ripple News Today – XRP News Today – Brad Garlinghouse Says Bitcoin Isn’t Going Continue To Outshine The Cryptocurrency Market

While Garlinghouse is bullish on Bitcoin, he noted that he doesn’t believe that one cryptocurrency will continue to rule them all. This was during the Brainstorm conference that was hosted by Fortune. In his words;

“I don’t think that there will be one crypto to rule them all. I own bitcoin and am long bitcoin.”

Thanks to the significant recovery of Bitcoin and the wider market since the beginning of the year, mainstream media has started paying attention to cryptocurrencies again. To make everything better, Facebook released a white paper for its own cryptocurrency, Libra. This move alone must have contributed to the recent Bitcoin price surge above $11k as it proved that Bitcoin and other cryptocurrencies have great potential. In Garlinghouse’s opinion, Bitcoin is a store of value and that is what people see it as.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.292
1.94%

While Bitcoin is a good store of value, XRP is the perfect medium of exchange. It was created specifically to be used for exchange of value within and across borders. Last year, during the cryptocurrency winter, XRP outperformed many cryptocurrencies including Bitcoin. Even if it hasn’t been at its best performance this year, the increase in adoption is preparing it for a more sustainable bull run.

Still during the conference Garlinghouse said that the Facebook cryptocurrency is going to be a good thing rather than a threat to cryptocurrencies including Bitcoin and XRP. He believes that Libra is an eye opener for banks and other financial institutions. It can’t be a coincidence that the price of Bitcoin and XRP started to surge just after the Facebook announcement.

XRP Price Prediction 2019 – XRP News Today – Current Price Of XRP

At the time of writing, the price of XRP was $0.462013. This means that it is down by 2.43% against the USD and down by 4.07% against the USD. The trading volume over a 24 hour period is $1,863,471,836 and the market capitalization is $19,636,437,623. If Bitcoin isn’t going to be the ruling cryptocurrency, can XRP take its place as the most popular and most expensive token in the space? Well, the truth of the matter is that the price of XRP may not surge as high as the current price of BTC, at least not any time soon. However, if Ripple’s products continue to gain adoption, it would only be a matter of time until XRP becomes the most sort-after token in the space.

What do you think about the Ripple news today? Share your thoughts about the XRP news in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.