Ripple CEO Brad Garlinghouse recently appeared on The Claman Countdown with Liz Claman on Fox Business to discuss the current state of the cryptocurrency market. Garlinghouse shared his insights on Bitcoin’s recent price drop and Ripple’s strategic moves in the industry.
Garlinghouse emphasized the importance of taking a long-term perspective when considering the cryptocurrency market. Despite Bitcoin’s fluctuating price, he remains focused on the macro trends in crypto and the XRP ecosystem. He noted that XRP has been the best-performing major cryptocurrency over the last 90 days and highlighted the importance of looking ahead to where the industry will be in three years, rather than focusing on short-term price movements.
One of Ripple’s significant recent developments was the $1.25 billion acquisition of Prime Broker Hidden Road. Garlinghouse described this acquisition as the largest in Ripple’s history and one of the biggest in the crypto industry to date. He noted that a move of this scale would not have been possible a year ago due to what he referred to as a “coordinated attack” on the industry by the U.S. government. However, Garlinghouse expressed optimism about the shifting regulatory landscape, indicating that acquisitions like this now make more sense.
The interview with Garlinghouse received praise from pro-XRP attorney John Deaton, who commended Claman’s question about whether Ripple would have made the same acquisition a year ago. Deaton highlighted Garlinghouse’s response, where he indicated that such a move would not have been feasible with the regulatory challenges faced by the industry at that time.
Overall, Garlinghouse’s comments underscore the importance of taking a long-term view of the cryptocurrency market and remaining focused on developments that will shape the industry in the years to come. The acquisition of Prime Broker Hidden Road represents a significant milestone for Ripple and demonstrates the company’s commitment to growth and innovation in the evolving crypto landscape. Stay tuned for more updates on Ripple, Bitcoin, and other key players in the crypto world.