I’m Long Bitcoin Says Ripple’s Brad Garlinghouse - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
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Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

I’m Long Bitcoin Says Ripple’s Brad Garlinghouse

Brad Garlinghouse on Bitcoin

Altcoins

I’m Long Bitcoin Says Ripple’s Brad Garlinghouse

Bitcoin has been finding it very hard to maintain a stable traction above $8,000 for long. There is no doubt that this hurdle appears too uneasy for the crypto asset to climb. For close to a week, BTC has been swinging back and forth between the $7,000 and the $8,000 mark.

While a large number of analysts are not doubting that Bitcoin will go beyond this marks in the next few days, pessimists keep on looking down on the future of Bitcoin.

However, it seems nearly all experts in the cryptocurrency space are investors in Bitcoin, being the king of all cryptocurrencies.

The same could be said of the CEO of Ripple, Brad Garlinghouse who has revealed he’s a strong believer in Bitcoin.

Creators of big blockchain projects are sure there is a better future for Bitcoin and the cryptoverse at large. One of them is the cerebral CEO of Ripple.

Read: Growth of Ripple XRP not Dissuading, it’s as Nascent as a New Business

Cryptocurrency Has Nascent Future

In the latest episode of Recode Decode hosted by Kara Swisher, Brad Garlinghouse spoke on the future of cryptocurrency like XRP and Ripple technology, and how the innovation will overshadow traditional system like SWIFT despite been a new technology.

Also READ  Bitcoin Superstore’s Latest Services Link Amazon, eBay, Alibaba, Over 200K Stores with BTC, XRP, TRX

When asked if there’s going to be one cryptocurrency to rule all others, Brad said he does not subscribe to the notion that there’s going to be a single cryptocurrency to rule others.

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He said “there’ll be different use cases for different things”

Read: Bitcoin Price Upsurges, But 60% of All Bitcoin is Being HODLed, Plus Ripple’s XRP News

Ripple’s Brad Garlinghouse is Bitcoin Investor

Brad furthered during the conversation that he owns some Bitcoins, however, the CEO of Ripple (XRP) did not mention the amount of BTC he owns.

“I actually own bitcoin, so I’m long bitcoin,” Brad bragged.

I hold bitcoin, I hold XRP, which is a part of Ripple’s technology stack,” the Ripple CEO said at another point.

However, he said Bitcoin is not suitable for solving payment problems.

Also READ  Anthony Pompliano Expresses Fear Over Hesitant Bitcoin (BTC) Retail Investors

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Brad said:

“Bitcoin as a technology is slow in terms of transaction speed, and it’s expensive on a per-transaction basis.”

Brad delved into the power consumption problems of Bitcoin, saying bitcoin “alone represents almost 1 percent of global power consumption.”

Payments Company Founders Believe In Bitcoin

Brad is not the only executive of cross-border payment Caesar to be a Bitcoin investor. Peter Thiel, who co-founded one of the world’s most outstanding payment firm Paypal is a good fan of Bitcoin.

Unlike Brad, Peter believes Bitcoin will serve as an equivalence of gold.

I grow businesses and develop ideas for investors.I have made meaningful guest contributions to Huffington Post, Oracle Times, The Independent Republic and a host of other tech platforms.Just a blockchain enthusiast with no investment in any cryptocurrency save for the pennies (Bitcoin and Ethereum) I receive weekly.

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