Ripple CEO: Bitcoin ‘tribalism’ is holding the crypto industry back

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.”

More on: Ripple CEO: Bitcoin ‘tribalism’ is holding the crypto industry back –CNBC  

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