Brad Garlinghouse spoke about the reasons that influence the growth hindering of the crypto market

Ripple CEO Brad Garlinghouse considers it wrong to invest in only one digital currency due to the fact that this hinders the development of the entire crypto asset market. He noted that the fanatical devotion to the main cryptocurrency and some other coins hinders the growth of the industry, the capitalization of which can significantly exceed $2 trillion.

The head of Ripple said that he holds BTC, ETH and other digital assets. At the same time, he is confident that all key cryptocurrencies have positive prospects, and this market will flourish.

“Bitcoin maximalists are contributing to an unhealthy polarization of the cryptocurrency industry. For example, Yahoo can be as successful as eBay. There is no need to choose between them, they just solve different problems. Each crypto asset also has its own use cases, different markets and audiences,” Garlinghouse said.

And Strike CEO Jack Mullers believes that payment platforms need to improve all the time. And bitcoin does it best. According to Mullers, the use of BTC as a payment network “is superior to the systems of traditional payment services and banks.”

The head of Strike compares bitcoin to the internet, believing that both phenomena guarantee freedom. Mullers believes that the use of BTC as a payment network is cheaper, faster, more innovative and more global, so the bitcoin blockchain is more effective than other payment systems.

“The use of Bitcoin as a payment network is superior to card processing networks, banking networks, or money transfer networks such as Western Union,” the entrepreneur said.

Jack Mullers believes that payment networks need to constantly improve the convenience and cost-effectiveness of the mechanism for conducting transactions. And the businessman believes that bitcoin does this much more efficiently than popular payment services on the market.

However, the CEO of Strike advises cryptocurrency holders not to spend BTC, as this asset is created for long-term investments. In his opinion, traders with serious experience are reluctant to get rid of bitcoins, and only with an obvious purpose.

“What I stand for is the interaction of bitcoin and dollars. We can invest dollars or euros in bitcoin. And make money on it,” said the CEO of Strike.

Do you agree?