By John Moore May 31, 2018
Brad Garlinghouse, CEO of Ripple (the company) has spoken about breaking bitcoin’s hold on prices in the wider cryptocurrency markets.
As analysts continue to search for a way to both predict the machinations of the cryptocurrency markets, and Bitcoin et al‘s effect on other financial indicators such as the stock market, Ripple (the company) CEO Brad Garlinghouse is claiming that the world’s first – and still number 1 – crypto could soon lose its influence over the price of other cryptocurrencies.
It’s a widely accepted truism that, when Bitcoin rises in price it drags up the value of other cryptocurrencies – certainly the major ones – with it. However, Garlinghouse – interviewed by CNBC – believes that “over time you’ll see a more rational market and behaviors that reflect that.”