Ripple’s CEO Brad Garlinghouse has recently gone on CNBC’s Power Lunch to discuss the future of Bitcoin and cryptocurrencies.
Momentum for Ripple continues to build: Ripple CEO from CNBC.
The cryptocurrency markets have always been influenced by Bitcoin, with altcoins and BTC prices being highly correlated. Garlinghouse has stated now that the market and investors are starting to understand the differences between cryptocurrencies and their use cases, Bitcoin’s influence may be coming to an end.
“There’s a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies. It’s early, over time you’ll see a more rational market and behaviors that reflect that.”
Garlinghouse goes on to discuss the successful 2018 year so far for Ripple as more and more banks are signing on to use and test Ripple software. He claims there has been more than 1 new bank a week to sign a production contract with the most recent being the largest national bank in Kuwait.