Ripple CEO Believes Bitcoin 'Tribalism' Is Dragging Crypto Industry Back: CNBC

Ripple CEO Believes Bitcoin 'Tribalism' Is Dragging Crypto Industry Back: CNBC
  • According to Ripple CEO Brad Garlinghouse, “Tribalism” around bitcoin and other cryptocurrencies is dragging back the overall $2 trillion sectors, CNBC reports.
  • “Polarization isn’t healthy in my judgment,” Ripple CEO Brad Garlinghouse stated last week during a CNBC-hosted fireside chat at the Paris Blockchain Week Summit.
  • “I own bitcoin, I own ether, I own some others. I am an absolute believer that this industry is going to continue to thrive,” mentioned Garlinghouse.
  • Former Yahoo executive Garlinghouse compared the crypto sector now to the dotcom boom of the late 1990s and early 2000s.
  • “Yahoo could be successful, and so could eBay ... They’re solving different problems,” he said. “There’s different use cases and different audiences and different markets. I think a lot of those parallels exist today.”
  • Some digital coins have a dedicated following, most notably bitcoin, whose ardent supporters are commonly referred to as “maximalists.”
  • Bitcoin “maximalism” has meant the crypto industry has “fractured representation” in Washington, D.C., according to Garlinghouse.

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