Amidst a recent correction from its yearly high of $0.7440, XRP’s price reflects a remarkable 17% weekly gain, as stakeholders brace themselves for the approaching deadline in the SEC lawsuit against Ripple.
Brad Garlinghouse, the CEO of Ripple, shares his perspectives on XRP’s potential to become the next Bitcoin in a recent interview. He discusses the value proposition of XRP and compares its role in the crypto landscape to that of Bitcoin.
Garlinghouse highlights the rapid growth of Bitcoin ETF volumes ahead of BTC’s halving event. He advocates for a broader cryptocurrency market to follow Bitcoin’s lead and comments on the prevailing optimism within the ecosystem.
In contemplating whether XRP could emulate Bitcoin’s success, Garlinghouse emphasizes the importance of Ripple addressing real-world problems on a massive scale, potentially unlocking significant value within XRP.
With the SEC lawsuit deadline looming, Garlinghouse reaffirms Ripple’s commitment to regulatory compliance. He underscores Ripple’s proactive engagement with regulatory bodies and institutions, attributing part of XRP’s success to the clarity Ripple provides amidst regulatory uncertainty.
As the legal battle unfolds, Garlinghouse remains confident in Ripple’s approach, stating, “From the outset, Ripple has collaborated with regulatory authorities and established partnerships with regulated entities like banks, where there’s no regulatory ambiguity. So, we’ve found that one reason for XRP’s strong performance is that people understand: “Hey, wait a minute”.
