Ripple’s Brad Garlinghouse wants bitcoin to succeed after all

Ripple’s Brad Garlinghouse wants bitcoin to succeed after all


Ripple CEO Brad Garlinghouse may be a critic of Bitcoin (BTC), but he still wants the original cryptocurrency to succeed in the long run. 

Appearing on a Nov. 19 episode of Fortune’s “Brainstorm” podcast, Garlinghouse reportedly said Bitcoin is not competing with Ripple and that he continues to hold the number one cryptocurrency:

“I don’t view what Ripple is doing as somehow competitive with Bitcoin. I want Bitcoin to be successful.”

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He implied that, during the next bull market, a bitcoin rally bodes well for other cryptocurrencies.

Bitcoin has a large gravitational pull on other digital assets, including XRP, due to its sheer market dominance and wider appeal among investors. At last check, Bitcoin’s dominance rate was 66.2%, meaning two-thirds of the total crypto market cap was held in BTC.

During the peak of the altcoin boom in January 2018, Bitcoin’s dominance rate fell to a low of around 32.8%, according to CoinMarketCap data.

Bitcoin dominance has

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