According to the CEO of blockchain firm Ripple, "tribalism" around bitcoin and other cryptocurrencies is dragging back the entire $2 trillion sector. In a CNBC-hosted fireside discussion at the Paris Blockchain Week Summit last week, Ripple CEO Brad Garlinghouse said, "Polarization isn't healthy in my opinion." "I own bitcoin, ether, and a few other cryptocurrencies.
I am an unequivocal faith that this sector is going to continue to develop." "All boats have the ability to lift," Garlinghouse added. Former Yahoo executive Garlinghouse compared today's crypto business to the dotcom period of the late 1990s and early 2000s.
"Yahoo and eBay both have a chance to succeed... They're working on different issues "he stated "There are several use cases, audiences, and markets to consider. Many of those parallels, I believe, still exist today." There are now tens of thousands of cryptocurrencies in circulation on crypto platforms like Binance, Coinbase and Tycoon, worth a combined $2 trillion, according to CoinGecko data. Some digital coins have attracted quite a dedicated following — not least bitcoin, whose hardcore advocates are often referred to as "maximalists."
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