Ripple CEO: Bitcoin ‘tribalism’ is holding the crypto industry back
- “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, Ripple CEO Brad Garlinghouse has said.
- “I own bitcoin, I own ether, I own some others,” Garlinghouse said. “I am an absolute believer that this industry is going to continue to thrive.”
- Bitcoin “maximalism” has meant the crypto industry has “fractured representation” in Washington, D.C., according to Garlinghouse.
“Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple.
“Polarization isn’t healthy in my judgement,” Ripple CEO Brad Garlinghouse said in a CNBC-hosted fireside chat at Paris Blockchain Week Summit last week.
“I own bitcoin, I own ether, I own some others. I am an absolute believer that this industry is going to continue to thrive.”
“All boats can rise,” Garlinghouse added.
Garlinghouse, a former Yahoo executive, compared the crypto industry today to the dotcom era of the late 1990s and early 2000s.
“Yahoo could be successful and so could eBay … They’re solving different problems,” he said. “There’s different use cases and different audiences and different markets. I think a lot of those parallels exist today.”
Not only on Bitcoin, even shits coin has their on die hard fans and cult culture for what we can say most of them is in severe ‘Dunning Kruger effect’. While shouting and act like an idiot can make money on previous year, try again this year and good luck for them. Time to be smart and wise, wait for the bottom for another try. This is an investment suggestion, there’s no such thing as ‘this is not investment advice disclaimer’ 🙂