Ripple CEO says he is confident that the current bear market shall pass too, just like other market downturns in the past.
Yesterday was one of the worst days in the history of crypto; prices crashed harder, crypto companies cut jobs, the Fed hinted at hiking rates, Binance halted BTC withdrawals, and Celsius suspended multiple services. These events on the same day left many investors in psychological turmoil.While the crypto community panicked, proponents and industry experts such as Brad Garlinghouse, CEO of Ripple, thought it wise to give hope to holders, especially new investors.
Garlinghouse admitted it’s never easy going through a crypto winter, but he encouraged investors to stay strong because the current downturn shall pass, too, just like the previous bear seasons. Days like today are never what you hope to see, esp. in an industry w/ as much incredible talent as crypto. If you recently joined the industry and haven’t seen a downturn like this, know that this too shall pass .Garlinghouse also shared how Ripple managed to survive previous bear markets and how it will use the same technique to weather the current storm.
He further noted that Ripple focuses on building long-term utility products that solve existing problems. The Ripple boss also talked about communication and transparency. He noted that the company operates with transparency and communicates with investors and stakeholders through different means, including its quarterly market reports.
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