Ripple CEO: 90% of Crypto Assets Will Disappear in the Future
Ripple CEO Brad Garlinghouse has explained that XRP, the native cryptocurrency in Ripple ecosystem, is technically better than Bitcoin as he called XRP ‘the king of cryptocurrencies.’ Garlinghouse stated XRP can be sent to anywhere in the world at nearly a thousand speed of the processing of a Bitcoin block. The successful CEO also emphasized that XRP is also cheaper to send compared to Bitcoin and these two fundamentals make XRP technically superior to Bitcoin.
Garlinghouse also stated XRP is the most efficient cryptocurrency or digital asset to solve payments problems.
He said XRP is a decentralized cryptocurrency with adding:
“Is XRP centralized or decentralized? It is very clearly decentralized. I, the CEO of the company, can’t control the XRP ledger. I can not change a transaction.”
This is a pretty old debate, to be honest. Lots of investors and followers across the cryptocurrency space have been arguing about XRP of being centralized or decentralized. In fact, there are two well-differentiated polars that not listening to others arguments.
The Ripple CEO also claiming that speculators are playing “a dangerous game,” as “well over” 90% of the 2,000 crypto assets publicly-listed today will eventually disappear.
His thoughts are there to be looked like many of industry experts spoken about similar things before.
Samson Mow, Chief Strategy Officer at Canada-based Blockstream, recently explained that the traditional argument of ‘don’t put all your eggs in one basket’ doesn’t apply to crypto assets. Mow used historical statistics to convey his opinion that diversification in this market kills your portfolio, contrary to popular belief. Backing this claim, the Bitcoin proponent pointed out that if you bought only BTC one year ago, you would be up 54%, but if you diversified into the top 16 cryptocurrencies, you would be down by 21%.
Ted Rogers, the CEO of cryptocurrency platform Xapo, also corroborated Garlinghouse’s inflammatory comments, taking to Twitter in August to express his opinion that 90% of the tokens listed on CoinMarketCap could be atomized by the impending “altcoin apocalypse,” so to speak.