By Gaurav S. Iyer, IFC Published : February 14, 2018
Ripple News Update
Although Wall Street and Silicon Valley inhabit reverse ends of the nation, leaders from each industries collect a number of instances a 12 months.
Yesterday’s Goldman Sachs Technology and Internet Conference was one such rendezvous.
Ripple CEO Brad Garlinghouse was in attendance, and at one level, he sat down for an interview with Bloomberg’s Emily Chang. (Source: “Ripple CEO Favors More Regulation of the Crypto Market,” Bloomberg, February 13, 2018.)
It was (as typical) filled with nice insights about XRP, Ripple’s ecosystem, and the cryptocurrency market as a complete.
Ripple (XRP) Price Chart
I like to recommend you watch the interview in its entirety. However, for these of you in a rush—or in a lot want of study—I’ve listed three key takeaways beneath.
- “The revolution of blockchain is not going to happen from outside the system.” This is a superb quote from Garlinghouse. It emphasizes every thing that makes XRP a singular asset, together with the frankness of its chief govt. Garlinghouse goes on to elucidate that “governments aren’t going to go away, banks aren’t going to go away,” and so cryptocurrencies must work inside the current system. XRP does that, he says.
- “I hope there’s more regulation.” Garlinghouse emphasised that Ripple already abides by know-your-client (KYC) and anti-money-laundering (AML) guidelines, because it exists as a conduit between banks and cost suppliers. He insists, in different phrases, that XRP costs shouldn’t be affected by regulatory threat.
- Garlinghouse expects “more bullish behavior” from crypto buyers in 2018. Volatility is right here to remain, says Garlinghouse, however so is crypto optimism. He notes that within the authentic tech increase, institutional buyers constructed up the hype and hypothesis, whereas retail buyers got here in because the second wave. This time is totally different. Retail buyers are the dominant pressure in cryptocurrency investing, and the second wave—which is simply starting—is pushed extra by institutional gamers.
Garlinghouse has made related feedback up to now, nevertheless it’s refreshing to listen to his long-term imaginative and prescient reiterated after January’s XRP value crash.
He reminds us that in the event you’re investing in XRP versus buying and selling it (sure, there’s a distinction), you must think about considering in months and years, not days.
With this in thoughts, we really feel comfy with our $10.00 Ripple value prediction for 2018.