Ripple CEO Brad Garlinghouse has recently come under fire for allegedly being ‘anti-Bitcoin,’ but he has adamantly denied these claims. Speaking at the Blockworks’ Digital Asset Summit in New York, Garlinghouse clarified that his previous comments about Bitcoin being controlled by China were made in the context of the country’s dominance in BTC mining at the time. He emphasized that this is no longer the case and is actually beneficial for the industry.
Garlinghouse also pointed fingers at Bitcoin maximalists for spreading misinformation and disinformation about Ripple being ‘anti-Bitcoin.’ He believes that maximalism hinders progress in the crypto space and is glad to see fewer people subscribing to this outdated thinking.
The debate between XRP and BTC has been ongoing, with reports surfacing about Ripple’s alleged stance on Bitcoin being controlled by China. Influential Bitcoin investors, including Strike’s Jack Mallers, have accused Ripple of trying to undermine the U.S. strategic Bitcoin reserve. Garlinghouse has vehemently denied these claims and continues to defend Ripple’s position in the industry.
Looking ahead, Garlinghouse has projected that spot XRP ETFs will be live in the second half of 2025. Prediction site Polymarket currently prices an 82% chance of XRP ETF approval this year. Despite the ongoing controversies, XRP has maintained its post-US election gains, with a 380% increase since last November. Compared to BTC, XRP has seen a 288% increase, outperforming its counterparts in the same period.
Despite facing resistance, XRP continues to show a bullish outlook, with the recent price increase marked by massive accumulation and a 6X jump in unique addresses created in March. This indicates strong market interest and anticipation of a further rally for XRP. As of now, the altcoin is valued at $2.48 and is still in a downtrend from last December.
In conclusion, Ripple CEO Brad Garlinghouse’s refutation of being ‘anti-Bitcoin’ highlights the ongoing debate between XRP and BTC. Despite the controversies, XRP remains a strong player in the crypto space, with investors showing confidence in its potential for future growth. The market interest and unique address activity for XRP suggest that there may be more positive developments on the horizon. There is no previous article provided. Can you please provide some information or context so I can write a new detailed article on the topic?