Bitcoin’s recent rally has been driving up much interest in the crypto market at large, with BTC attracting several notable investors. In that regard, CEO of Ripple, Brad Garlinghouse acknowledged in a recent tweet that institutional investor interest in cryptocurrencies has been on the rise. In his tweet the CEO said:
Never a dull moment in crypto! Institutional investor interest is skyrocketing… industry growth comes down to real world utility.
Garlinghouse further added that Bitcoin was a real store of value and “useful” as a hedge against inflation:
As a store of value, BTC is an extremely useful inflation hedge.
With regard to XRP, Garlinghouse was all praise for the cryptocurrency and said that XRP’s speed, cost, and scalability made it “extremely useful” for payments. The CEO of Ripple also called on regulators to recognize the potential of these technologies and provide a level playing field for participants in the industry.
Meanwhile, Brad Garlinghouse is considering moving out of the US to other countries, like the UK, since he believed that a clearer regulatory framework could work in favor of Ripple’s XRP. Garlinghouse had earlier said that it was “unfortunate” that US regulators did not have a clear approach to cryptocurrencies, and re-emphasized the lack of a single national regulatory framework which was putting US companies, such as Ripple itself, at a disadvantage.
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