Brad Garlinghouse Speaks out Against the Rumour Mill

brad garlinghouse of ripple xrp

Ripple CEO and all-round top guy Brad Garlinghouse has spoken out at the rumors and FUD of recent months. 

Taking to Twitter he tried to put to bed the misconceptions, concerns and in some cases, pure fiction in a series of four tweets. 

I’m always struck by the questionable (I’m being generous here) spreading FUD about XRP and Ripple.

Even more so over the last few weeks (Ripple’s XRP sales. litigation etc) thus, I fell compelled to comment.

Brad Garlinghouse – Ripple CEO
fud fear uncertainty and doubt cryptocurrency
INNER DEMONS – Don’t be scared of your own shadow or the words of others, do your own research and stay true to the reason you first invested. You don’t lose unless you cash out…

Sticking to Facts

He then went on to discuss the upcoming class-action lawsuit against Ripple of which he is a defendant. 

As he clearly states the UK regulators, as well as many others around the world, have decided that XRP is NOT a security.

1/ As a defendant in the class action lawsuit, I won’t get into the details (response from Ripple is coming soon). I will say: SEC guidance isn’t issued by the Commission and isn’t law, rule or regulation. It’s clear XRP is not a security and the UK and others have said as much.
Brad Garlinghouse
Right now the powers that be, institutional investors and the wealthy are filling their bags full of XRP. they know what is coming.
That’s why we consider the current price of XRP to be in a summer sale, not investment advice, we could potentially be wrong but time will tell.
brad garlinghouse talks to multiple new deals after moneygram
GREAT LEADER – Brad Garlinghouse once worked at Yahoo, AOL and a number of other tech giants, he has predicted a number of outcomes that he has been proven to be right on. Many times

‘XRP Dumping’

He also took the opportunity to face the rumors that Ripple sell-off their holdings of XRP for a multitude of fictional reasons.

As Brad Garlinghouse pointed out, sales of XRP assist the development of all Ripple projects which are about to revolutionize the planet.

2/ XRP sales are about helping expand XRP’s utility – building RippleNet & supporting other biz building w/XRP ie Dharma & Forte. Reality is we DECREASED our sales by volume Q/Q and since then the inflation rate of XRP circulating supply has been lower than that of BTC and ETH.
Brad Garlinghouse
We have also heard on the grapevine that the SEC had instructed Ripple to reduce its own XRP holdings in preparation for the securities ruling.
This makes sense as holding more than 50% of the asset has something to do with this huge distinction.
The same thing happened with Etherium before they sold off and the price skyrocketed. 
FIGHTING THE FUD – Ripple’s Brad Garlinghouse speaks out on Twitter

Blooming Fake News

Finally, he responded to certain issues one such being the recent Bloomberg report after they slated what they deem as poor performance.

3/@Ripple continues to set industry standards in reporting and transparency (one example is our quarterly markets report). We lay it all out, and it’s not our “view” but fact. ripple.com/insights/q2-20 @bloomberg

Brad Garlinghouse on Twitter

Fear, Uncertainty & Doubt

In recent weeks we have seen some investors sell their XRP holdings and no doubt due to these very rumors and FUD.
Perhaps such individuals are not destined to be successful investors, an art that takes incredible patience and strength of mind. 
Yesterday, an XRP holder on Twitter said that he has sold all his personal XRP coins, and is ‘getting out of this hole’ for now. In place of holding XRP, he mentioned that he would invest in ONE and LINK unless he would come back to Ripple’s XRP later when the market gets better.
TWJ News
The XRP price has been ridiculously undervalued for far too long now and investors are right to question why and even drop out if they really want.
But as the multi-billionaire, stock market legend Warren Buffet said “when people are fearful, be greedy. When people are greedy, be fearful”.
If you have the inner strength of mind, the simple task of waiting is all you really need. patience is truly a virtue.
NO PATIENCE – One XRP hodler sold his personal XRP investment after losing the faith… and perhaps the plot, we shall see

Ozzy Knight

Former trader in the Financial world now hot into XRP, Ripple & the crypto space as a whole.