Bitcoin Tribalism Is Holding The Crypto

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Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says.

“Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, Ripple CEO Brad Garlinghouse has said.

“I own bitcoin, I own ether, I own some others,” Garlinghouse said. “I am an absolute believer that this industry is going to continue to thrive.”

Bitcoin “maximalism” has meant the crypto industry has “fractured representation” in Washington, D.C., according to Garlinghouse.

“Polarization isn’t healthy in my judgment,” Ripple CEO Brad Garlinghouse said in a CNBC-hosted fireside chat at Paris Blockchain Week Summit last week.

“All boats can rise,” Garlinghouse added.

“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.


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