Bitcoin

After the Ripple executive had declared Bitcoin maximalism “done”, the price of XRP rose

In a podcast for the Lend Academy taped Nov. 5, Asheesh Birla, CEO of RippleNet, described Bitcoin (BTC) as a “fairly innovative alternative to gold,” but added this The year 2020 had shown that there was room for many tokens in the crypto room.

Birla said he believed Bitcoin did not “follow” the payments, and With different projects having different use cases, the overwhelming dominance of the coin was no longer a certainty::

“I think that Gone are the days when people believed there was only Bitcoin. I think it’s clear that there will be a lot of digital assets and that There will be many more traditional assets that can be labeled as digital assets“.

After the Ripple executive had declared Bitcoin maximalism “done”, the price of XRP rose
After the Ripple executive had declared Bitcoin maximalism “done”, the price of XRP rose

The RippleNet GM made the comments when the price of XRP was around $ 0.25. It has tripled since then, rising to $ 0.92 last week before falling 30% in a broader market.

Despite the lack of XRP movement at the time, Birla added felt bullish on the crypto room get “scorching hot” after the 2018 crash.

“I don’t see traditional venture capitalists as interested as in 2017,” he said. “But in my mind couldn’t be happier in terms of space innovation“.

Both Ripple co-founder Chris Larsen and CEO Brad Garlinghouse recently expressed their frustration at the lack of regulatory clarity towards Ripple in the US. Last month, Yoshitaka Kitao, CEO of SBI Holdings and a board member of Ripple, said the blockchain-based payments company may be considering moving its headquarters to Japan. Larsen believes the US authorities are pursuing a policy of “regulation by force” and “falling behind schedule” in preparing the next generation of a cryptocurrency-based global financial system.

At press time, XRP is priced at $ 0.61 after falling 3% in the past 24 hours.

Don’t stop reading:

Similar Posts