Ripple CEO Clarifies Stance on Bitcoin Amid XRP’s 600% Address Activity Surge

Ripple CEO Brad Garlinghouse has publicly refuted recent claims that he is against Bitcoin. Speaking at the Blockworks’ Digital Asset Summit in New York, Garlinghouse stated, “I don’t think I ever tried being anti-Bitcoin.” He clarified that his previous comments about Bitcoin being controlled by China were related to the country’s dominance in Bitcoin mining at that time, noting that this is no longer the case and is beneficial for the industry.

Garlinghouse attributed the misinformation and disinformation about Ripple’s stance on Bitcoin to Bitcoin maximalists. He criticized these individuals, stating, “Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking.”

Garlinghouse’s clarification comes amidst ongoing debates within the cryptocurrency community about the role and future of different digital assets. The CEO’s comments underscore Ripple’s commitment to fostering a collaborative and innovative environment within the industry.

Garlinghouse also addressed the recent surge in XRP’s unique address activity, which has jumped sixfold. This increase reinforces strong market interest in XRP and suggests that holders are expecting an extra rally for the cryptocurrency. The recent price increase in XRP has been marked by massive accumulation, with wallets holding at least 1 million XRP now holding 46.4 billion coins, having accumulated 6.5% more in just the past two months alone.

Garlinghouse’s comments and the recent developments in the XRP ecosystem have sparked renewed optimism for the cryptocurrency. The resolution of the SEC lawsuit against Ripple has removed a major overhang that had suppressed XRP’s value and adoption potential, allowing the cryptocurrency to regain momentum.

Looking ahead, Ripple’s ongoing initiatives, such as its RLUSD Stablecoin and potential inclusion in a strategic cryptocurrency reserve, are expected to drive further growth for XRP. Garlinghouse’s confidence in XRP’s future is reflected in his prediction that the cryptocurrency will be added to the White House digital asset stockpile and that an XRP ETF could be launched this year. These developments, if realized, would significantly enhance XRP’s legitimacy and adoption, further solidifying its position in the cryptocurrency market.