Ripple CEO Brad Garlinghouse Affirms There’s No Competition Between BTC and XRP, Reveals He’s a Bitcoin HODLer

Can XRP By Any Chance Overthrow Bitcoin in the Near Future?

In a recent interview, Ripple CEO, Brad Garlinghouse made a remarkable disclosure. Garlinghouse in a statement on the show confessed that he was a bitcoin holder. This may be surprising to a lot of people, but Garlinghouse does not think of bitcoin as a competitor to XRP. Ripple, he notes is a product for financial institutions, while he holds Bitcoin for speculation – in expectation of a higher return.

Brad Garlinghouse HODLs Bitcoin

Ripple’s CEO on the show tried to explain the role of cryptocurrency in the financial sector. During the interview, he pointed out the obvious, that there was too much ‘noise’ in the cryptocurrency market today. Despite this, Brad believes there are a number of currency projects which are of value in the world today. Without a doubt, XRP and Bitcoin are part of them.

Surprisingly, we would have thought the firm would be one of the greatest rivals of Bitcoin, but Brad indicates that both cryptocurrencies have different use cases and are not threats to each other.

Speaking on his stance on the most valuable cryptocurrency today, bitcoin, Brad notifies the crypto community that he is in on bitcoin long-term.

Quoting the CEO, he said;


“I own Bitcoin, I’m long Bitcoin. I think Bitcoin is a store of value and people hold it.”

Though Brad did not reveal how much worth of Bitcoin he’s holding, it’s certain it will be a substantial amount.

The Battle; Ripple vs Bitcoin

Ripple has been a controversial cryptocurrency over the years. Some see Ripple’s official currency, XRP as a “centralized coin controlled by an administrative body”.

Despite these controversies, Ripple has continued to grow. Bagging partnership deals from all sides.

Ripples’ aim is to become the first choice when it comes to processing cross-border payments.

Ripple tends to solve bitcoins challenges, which are slow transaction times and high processing fees.

Ripple’s Recent and Forthcoming Partnerships

According to Ripple’s blog post, dated June 17, 2019, the announcement indicates one of Ripple’s latest partnership deals. Ripple announced it has entered a partnership agreement with one of the world’s largest money transfer firms, MoneyGram.

There have also been reports surfacing showing Ripple’s next move. Ripple will also be providing its services to yet another financial giant, VISA.

XRP is presently the 3rd most valuable cryptocurrency in the market today. It is currently priced at $0.44 per coin with a market cap of $18.82 billion according to data from CoinMarketCap.