Brad Garlinghouse, CEO of Ripple, talked about the price of XRP in a recent interview. He also talked about the speculative state of the market and the growth of the ecosystem.
On the price of XRP and digital goods in general, he said that the price forecast of these is a "wrong excuse". He went on to say that he does not understand the Bitcoin movements [BTC]The price However, stated:
"What I will say is that the long-term value of any digital asset will be derived from the utility it creates."
Garlinghouse said that there are some digital assets that trade 100% and that there is no use. He also said that the health of the ecosystem surrounding a coin was proactive in its demonstration of solving a real problem.
On speculative trading, Garlinghouse noted:
"Those who are trading crypto on the basis of speculation in which there is no problem to solve, this is a dangerous game.I think I have said publicly that from over 2000 cryptocurrencies out there, I think that well over 90% of they are going away ".
On the XRP ecosystem, the CEO stated:
"Looking at what we are doing in the XRP ecosystem and looking at what other companies are doing in the XRP ecosystem, we are thrilled with the progress we are making."
The CEO stated that many of the excitations derived from XR are efficient for speed and cost payments. He also made a statement that XRP was 1000 times faster and cheaper than Bitcoin, the current market leader.
He went on to say that while XRP's price performance does not matter, while technical performance does. He also said:
"I'm thinking about how to create products and solutions on this decentralized open source network to solve a customer problem, the more liquidity we create, the better it is for the ecosystem, short-term rotations is not something I think about."
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