Ripple CEO Says He’s 'Bullish on Bitcoin'

In what some would consider an unexpected move, Brad Garlinghouse, CEO of digital asset firm Ripple Labs and majority holder of the $XRP cryptocurrency, cleared the air about his position on bitcoin ( $BTC). “I first bought bitcoin in 2012 coming out of an event when I was first introduced to it,” Garlinghouse explained. “And I am bullish on bitcoin period, full stop,” he added. Garlinghouse made the remarks on Wednesday at the Blockworks Digital Asset Summit in New York City during a fireside chat with Hunter Horsely, CEO of crypto investment firm Bitwise. Many in the Bitcoin community disparage $XRP because 80% of the token supply was gifted to Ripple, effectively giving control of the asset to the firm. Garlinghouse even went as far as to say he is a $BTC hodler. “I’ve used bitcoin for various transactions, but I haven’t sold it,” he said.