cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
No Result
View All Result
Home News

Bitcoin tribalism is holding the cryptocurrency industry back, says Ripple CEO

ccLink by ccLink
April 20, 2022
in News
0
Bitcoin tribalism is holding the cryptocurrency industry back, says Ripple CEO
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin remains the number one cryptocurrency by market cap and accounts for more than 40% of the total crypto market cap.

Ripple CEO Brad Garlinghouse recently told CNBC that tribalism around Bitcoin and other cryptocurrencies is currently holding the cryptocurrency back. 

The cryptocurrency market is worth roughly $2 trillion, but Garlinghouse said it has room for growth. Garlinghouse said;

“Polarization isn’t healthy in my judgement. I own bitcoin, I own ether, and I own some others. I am an absolute believer that this industry is going to continue to thrive.” 

According to Garlinghouse, the major cryptocurrencies can all grow without anyone affecting the growth of the other. He compared the current cryptocurrency market to the dot-com era of the late 1990s and early 2000s. He said;

“Yahoo could be successful, and so could eBay. They’re solving different problems. There’s different use cases and different audiences, and different markets. I think a lot of those parallels exist today.”

Despite the growth recorded by the industry, some cryptocurrencies have attracted quite a dedicated following. We have Bitcoin maximalists and maximalists of other cryptocurrencies like Ether and Solana.

However, Garlinghouse believes this fractionalisation is hurting the cryptocurrency industry more than it is doing it good. He pointed out that fractionalisation has affected the crypto industry in terms of lobbying with policymakers in Washington. Garlinghouse added that;

“The lack of coordination in Washington, D.C., amongst the crypto industry, I find to be shocking.”

In March, United States President Joe Biden signed an executive order calling on the government to look into the risks and benefits of cryptocurrencies.

Ripple has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC) since 2020 after the regulatory agency claimed the company issued XRP tokens as unregistered securities.

The SEC had sued Ripple and some of its executives for selling over $1 billion worth of XRP in an unregistered securities offering.

View Source

Did you like this post? Consider donating to us.

[crypto-donation-box]

Related articles

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

June 24, 2022
Crypto Lender Voyager May Issue A Notice Of Default To 3AC

Crypto Lender Voyager May Issue A Notice Of Default To 3AC

June 24, 2022
Tags: bitcointribalism
Share76Tweet47

Related Posts

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

by ccLink
June 24, 2022
0

Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has...

Crypto Lender Voyager May Issue A Notice Of Default To 3AC

Crypto Lender Voyager May Issue A Notice Of Default To 3AC

by ccLink
June 24, 2022
0

The flood of bad news and insights in this correction cycle just keep coming. Exchanges are still operating a the...

Why Solana Has Outperformed Ethereum, SOL Up 36% In One Week

Why Solana Has Outperformed Ethereum, SOL Up 36% In One Week

by ccLink
June 24, 2022
0

Solana (SOL) is the best performing asset in the crypto top 10 by market cap. The market seems to be...

Elliptic Says Dogecoin is Becoming a Criminal’s Best Friend

Elliptic Says Dogecoin is Becoming a Criminal’s Best Friend

by ccLink
June 23, 2022
0

Reading Time: 2 minutes A report by Elliptic has uncovered a dark side of Dogecoin The coin is routinely used...

Canadian Regulator OSC Takes Action Against Crypto Trading Platforms Kucoin and Bybit

Canadian Regulator OSC Takes Action Against Crypto Trading Platforms Kucoin and Bybit

by ccLink
June 23, 2022
0

The Ontario Securities Commission (OSC) has taken action against two cryptocurrency trading platforms. Kucoin is permanently banned from participating in...

Load More
  • Trending
  • Comments
  • Latest
Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

November 20, 2021
Crypto exchange Gate.io to provide Pyth Network with price data

Crypto exchange Gate.io to provide Pyth Network with price data

November 25, 2021
NFTs in 2022: From Word of the Year to Mainstream Adoption & New Usage Cases

NFTs in 2022: From Word of the Year to Mainstream Adoption & New Usage Cases

January 3, 2022
Video game on NFT & #x 2122;, an Artwork That Commemorates Bitcoin and Bitcoiners

Video game on NFT & #x 2122;, an Artwork That Commemorates Bitcoin and Bitcoiners

January 9, 2022
AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

0
New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

0
International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

0
No, Putin Isn’t Embracing Cryptocurrency Just Yet

No, Putin Isn’t Embracing Cryptocurrency Just Yet

0
Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

June 24, 2022
Crypto Lender Voyager May Issue A Notice Of Default To 3AC

Crypto Lender Voyager May Issue A Notice Of Default To 3AC

June 24, 2022
MEV Is Coming To Bitcoin And It Will Change Mining Profitability

MEV Is Coming To Bitcoin And It Will Change Mining Profitability

June 24, 2022
Why Solana Has Outperformed Ethereum, SOL Up 36% In One Week

Why Solana Has Outperformed Ethereum, SOL Up 36% In One Week

June 24, 2022

Join our mailing list

Tags

ADA altcoin altcoin daily altcoins Binance bitcoin bitcoin analysis bitcoin crash bitcoin live bitcoin news bitcoin news today bitcoin prediction bitcoin price bitcoin price prediction bitcoin today Blockchain btc btc news btc price buy bitcoin Cardano Crypto crypto crash Cryptocurrency cryptocurrency news crypto market Crypto Monnaie cryptomonnaie Crypto News crypto news today DEFI Dogecoin ETH Ethereum Finance investing metaverse Money news nft Ripple Shiba inu Solana trading xrp

© 2022 CC.LINK

No Result
View All Result
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us

© 2022 cc.Link.