Ripple’s Brad Garlinghouse Predicts Further Loss USD Value

Ripple’s Brad Garlinghouse predicts even more losses for the value of the US dollar after what it was a crazy year in every sense of the word. The businesses are left wondering how to go on ahead but the Ripple Labs CEO believes that the craziness will continue further so let’s find out more in the Ripple news.

Ripple’s Brad Garlinghouse predicts as he tweeted that the “pandemic is throwing so many playbooks out of the window.” He continued:

“Yesterday’s action flies in the face of decades of precedent.”

He pointed out towards an article from the Wall Street Journal on the United States Federal Reserve, which said that choosing to keep the interest rates low with a possible expense of higher inflation by saying:

“Signs point to further dollar debasement in the near term (leading to further diversification of assets which will certainly be good for crypto).”

Since the start of the COVID-19 pandemic fears and prevention measures back in March, the entire worldwide economy has been flipped on the side. There are high jobless claims, business closures, and money printing as well as other factors that created a huge puzzle when it comes to uprighting the struggling space. The interest rates and inflation holds as two tools of the US government were fiddled as a part of the attempted solutions. The problems remain and the possible outcome could be higher bitcoin adoption as a viable hedge as noted by the number of participants in the crypto industry. Comparing Bitcoin with Gold as seen as a store of value hedge, the Gemini crypto exchange co-founder Tyler Winklevoss mentioned another possible scenario in which Bitcoin hits $500,000.

Garlinghouse also noted that in about 5 years’ time, Ripple will be the Amazon of the crypto industry. It seems that the Amazon cryptocurrency will have to wait since Ripple will be the most used one. Garlingouse sees Ripple and XRP as doing pretty good in 2020 but he doesn’t pay as much attention at the short-term prices. He sees his company from a longer-term standpoint and compared the nascent crypto markets with the now hundred billion-dollar markets such as gold.

We're excited to rank 123rd on the 2020 #Inc5000 list of America's fastest-growing private companies!

Thank you to our amazing team who bring passion to their roles every day. https://t.co/ZAnGbZGpM1

— Ripple (@Ripple) August 17, 2020

Also, The CEO of Ripple Brad Garlinghouse intends to take the company public, as he commented during Davos 2020 but the effects on XRP’s price could be catastrophic.