In a podcast for the Lend Academy, recorded Nov. 5, RippleNet CEO Asheesh Birla called Bitcoin (BTC) a “fairly innovative alternative to gold,” but added that the year 2020 had shown that there was room for many tokens in the crypto space.
Birla said he believed Bitcoin had not “tracked” the payments, and as different projects had different use cases, the medal’s overwhelming dominance was no longer a certainty:
“I think Gone are the days when people thought there would only be bitcoin. I think it’s clear there will be a lot of digital assets and that there will be many more traditional assets that can be tokenized as digital assets“.
RippleNet’s GM made the comments when the price of XRP was around $ 0.25. It has tripled since then, climbing to $ 0.92 last week before falling 30% amid a broader market.
Despite XRP’s lack of movement at the time, Birla added felt optimistic about the crypto space going “off the hook” after the 2018 crash.
“I don’t see traditional venture capitalists as interested as they were in 2017,” he said. “But in my mind couldn’t be happier in terms of innovation in space“.
Both Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have recently voiced their frustration at the lack of clarity about Ripple’s regulations in the United States. Last month, SBI Holdings CEO and Ripple board member Yoshitaka Kitao said the blockchain-based payments company may be considering moving its headquarters to Japan. Larsen believes the US authorities are pursuing a policy of “regulation by force” and “hopelessly behind” in preparing the next generation of a cryptocurrency-based global financial system.
At the time of going to press, the price of XRP is at $ 0.61, down 3% in the last 24 hours.
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