Garlinghouse Denies Anti-Bitcoin Claims, Eyes XRP ETFs
The Most Important Points at a Glance
Ripple CEO Brad Garlinghouse has pushed back against claims that he is anti-Bitcoin. He clarified that previous statements about China’s influence on Bitcoin mining should not be interpreted as an anti-Bitcoin stance. Additionally, he expressed optimism about the introduction of XRP ETFs in the second half of 2025. Recently, the XRP price has shown strong performance, surpassing Bitcoin in growth.
Garlinghouse Provides Clarity
At the Digital Asset Summit by Blockworks in New York, Brad Garlinghouse publicly addressed accusations that he is against Bitcoin for the first time. He emphasized: “I don’t think I have ever tried to be anti-Bitcoin.” His previous statements about China’s control over Bitcoin mining were simply observations that are no longer accurate.
Garlinghouse also criticized the spread of misinformation by so-called Bitcoin maximalists, who deliberately portray Ripple in a negative light.
XRP Compared to Bitcoin
Some of the accusations against Ripple stem from internal emails that allegedly discussed China’s influence on Bitcoin. Additionally, prominent Bitcoin investors like Jack Mallers from Strike have criticized Ripple, accusing the company of undermining the U.S. strategic Bitcoin holdings.
Garlinghouse rejected these allegations, stating that maximalism harms progress in the crypto sector. He expressed relief that fewer people adhere to this outdated mindset.
XRP ETFs on the Horizon
In a separate interview with Bloomberg, Garlinghouse predicted that exchange-traded funds (ETFs) for XRP could become available in the second half of 2025. According to the prediction platform Polymarket, the likelihood of approval this year stands at 82%.
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Strong Market Performance of XRP
XRP is among the altcoins that recorded significant gains following the U.S. elections. Since the price surge in November, XRP has increased by 380%, while its value relative to Bitcoin has risen by 288%.
Despite resistance at the upper boundary of its long-term price range, market sentiment for XRP remains positive. According to data from Santiment, the number of new wallet addresses increased sixfold in March. Additionally, the number of wallets holding at least one million XRP grew by 6.5% over two months, reaching a total of 46.4 billion XRP.
At the time of analysis, the XRP price stood at $2.48 but remained in a downtrend that has persisted since December.
Our Assessment
Garlinghouse has firmly positioned himself against the allegations, emphasizing that Ripple is not working against Bitcoin. The strong price performance of XRP and the prospect of ETFs highlight the growing interest in the token. The coming months could be crucial for XRP’s further development.
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.46 |
| 24h % | 2.53 % |
| 7d % | 5.09 % |
| 30d % | -5.00 % |
| 60d % | -21.60 % |
| 1y % | 292.71 % |
| Official Links | Website |
| Socials | X |
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