Ripple CEO Brad Garlinghous to, as it did after the 2008 crisis, gold Bitcoin will also be strengthened by the global crisis and said she would live in a bull run.
Ripple CEO Brad Garlinghouse stated that the current state of the global economy has helped Bitcoin and the entire cryptocurrency market stand out in the world.
Speaking in a program published on Youtube, Garlinghouse said that the economic stimulus packages put forward by the USA and other countries will have a negative impact on the US dollar in the future.
“I think even the package that was put in the USA alone is 3 trillion dollars. I think this figure will continue to increase, and even if these measures are taken to prevent a larger economic disaster, they will appear in the future one day. As a result, the value of fiat money will fall. At the moment, we see that exchange rates have started to change in emerging markets. But even here in the USA, this is a factor. ”
Garlinghous also created a financial crisis and that Bitcoin BTC’s worked very well so far, he said. Successful CEO, cryptocurrencies offer digital alternatives for gold, and we should not forget that cryptocurrencies will emerge from the global economic crisis, just as gold did after the 2008 crisis, saying, “Bitcoin is emerging immediately after the 2008 and 2009 crises. At that time, gold was a safe haven in many ways. It experienced a decrease during the liquidity crisis of 2008, but we later saw that it started a big run. I think we will see a similar situation in crypto markets. ”
“XRP is better at payments”
Despite stating that BTC is very positive about being a value retention tool, Garlinghouse said that XRP is much better in terms of efficiency and speed of payments. Garlnghouse also said that with the increase in demand for digital transactions, XRP will continue to use across cross-border transfers.
“We will continue our studies on how XRP can be used more effectively in payments. We see that the effect on cash remittance companies of the curfew. However, if you cannot physically go to a shop, you expect it to drop. We also see a huge increase in digital players. Some public companies announced a 30 to 40 percent drop in their cash business. There is an 80 to 100 percent increase in digital business, and that has been very good. ”