Many people have always wondered what Ripple Labs CEO Brad Garlinghouse’s position on Bitcoin has been and what his motivations were for developing XRP. He revealed all this and more in crypto evangelist Anthony Pompliano’s Off the chain podcast. The podcast revealed quite a bit of detail about XRP and also showed the mindset of the cryptocurrency innovator.
In a rare moment of truth where he bared his soul during the podcast, Brad revealed his first encounter with Bitcoin occurred in 2012 at an “under-the-radar” conference organized by Peter Thiel and Auren Hoffman called “Dialogue” which coincidentally still holds. Despite falling in love with Bitcoin, Brad understood something that most crypto evangelists back then didn’t: there was something more in the new world and Bitcoin though important has many problems which newer cryptocurrency tokens can solve.
This led him to the big question:
“What’s the long term opportunity of Bitcoin in a world where it is fighting against governments, and fighting against banks, and fighting against the institution, the man?”
“If you took a slightly different strategy with these things would you reach broader adoption? Will you impact more people more quickly?”
Then the recruiting call came through while he was an Uber driver taking time off from his previous startup “hightail”. Although he was recommended by other people to go to payment giants such as Paypal, Visa and so on, he ended up coming into the Ripple team.
On the side of progress made by Ripple, Brad went further to indicate that Ripple has over 200 customers but he has “lost count” of the exact number which he further stated that it is normal for such to occur. He also mentioned a little-known fact that Ripple executes two enterprise-grade contracts per week which translates into quite a bit this year alone. He also asserted that Ripple has beaten its quarter three forecasts this year and mentioned that this is a “leading indicator of increased adoption”.
When talking about his position on Bitcoin, Brad referred to his being “long on Bitcoin”. However, he indicated that Bitcoin has some issues including scaling, proof-of-work and also he noted that “Bitcoin is not going to solve a payments problem,” Ripple, however, does that seamlessly.
Indicating where his position on XRP in the cryptospace lies Brad said:
“XRP ledger is roughly 1,000 times faster per transaction and 1,000 times cheaper per transaction…
the only example of crypto and blockchain being used at scale, period.”
This comes at a time when everyone is starting to see XRP as the unicorn that it truly is. Recently, popular cryptocurrency trader NebraskanGooner indicated via his twitter handle that XRP will lead the way for other cryptocurrencies in an immediate upswing.
Immediately bullish on #XRP
Bullish on #BAT but I think that will need a bit more time#XLM is likely to follow XRP
I’d prefer more dip on #LINK to add more but it’s tough to say if we’ll get there#BNB looking like it will be green for the coming days
Buying more $56 #LTC
— NebraskanGooner📈 (@nebraskangooner) October 14, 2019
Also, superstar Trader Galaxy also indicated that XRP’s biggest movement this year will occur very soon immediately before the Ripple swell event coming up November 7th-8th.
The trade of the year is coming once again on $XRP.
Long 2 weeks before Swell, and short when the event is over.
Price increase before event (USD)
+115% (2017)
+220% (2018)Price decrease after event (USD)
-43% (2017)
-51% (2018)Time to see what this year brings. pic.twitter.com/bW9qKUGv8Y
— Galaxy (@galaxyBTC) October 13, 2019
This, of course, is a small part of the XRP-Buzz which every crypto enthusiast has caught at least a part of the fever including the cryptospaces’ top gun Crypto Dog who indicated on his twitter handle that XRP reaching $589 will be the best Christmas present for him.
