- Ripple’s Brad Garlinghouse’s indirect response in an interview confirms his meeting with Donald Trump; however, a section of the Bitcoin community appears unhappy.
- A market analyst has predicted that a sudden move of Bitcoin to $100k could send XRP to $2.2.
CNF recently reported that Ripple CEO Brad Garlinghouse might have met US President-elect Donald Trump after he liked a post by Zach Rector. Meanwhile, the details of this discussion were not disclosed. Regardless, investors expect that the meeting could subject the crypto industry to significant transformation in the face of constant enforcement actions.
Details of Garlinghouse’s Interview with Fox
In his recent appearance at FOX Business interview with anchorwoman Liz Claman, Garlinghouse was asked to confirm his meeting with Trump. However, he jokingly responded that he would not like to “comment on too many specifics.” For Liz, this response could be taken as a “yes”.
Meanwhile, Garlinghouse stressed that the crypto industry has embraced Trump, and there could be massive innovation and entrepreneurship.
Always great to catch up with you, @LizClaman! Markets have responded to Trump’s win — he’s bringing crypto back to America (making crypto great again?! MCGA!) The incoming Congress will make sure US innovation gets the regulatory clarity it deserves.https://t.co/NwKxRKVUqr— Brad Garlinghouse (@bgarlinghouse) November 15, 2024
Fascinatingly, Garlinghouse’s alleged meeting with the president-elect was met with a huge concern among a section of the crypto community. According to the vice president of research at Riot Platforms, Pierre Rochard, Trump’s involvement with anti-Bitcoiners could be a disruption.
We can’t let Ripple co-opt the United States policymaking process with their anti-bitcoin agenda.
Ripple’s (XRP) Journey So Far
Earlier, Garlinghouse shared a series of tweets, calling on the crypto community to support the new administration.
Recounting the journey so far, the Ripple boss lamented that it has been four years since the US Securities and Exchange Commission (SEC) embarked on a legal warfare with his entity. According to him, the Agency has deliberately picked “winners” and “losers” over the period. However, he believes that the new administration could significantly shift the industry in a better direction.
I’ve shared some thoughts on what the Trump administration could mean for crypto and wanted to also recognize the XRP family’s patience and unwavering support. A lot has happened since XRP was the 2nd most valuable digital asset…It’s been – at times – a frustrating journey. Now, finally, we see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade.
The rumors of his meeting also played a huge role in the significant move of XRP from $0.66 to $1.128 within a short time. At press time, the asset had surged by 6% in the last 24 hours and 92% in the last seven days, skyrocketing its market capitalization to $63 billion.
Commenting on this, crypto analyst EGRAG CRYPTO emphasized that the run could continue to $2.2 once Bitcoin surges to $100k. According to him, the recent drop of XRP against BTC was part of a crucial rotation. For Bitcoin, he estimates that it could peak at $180k before the end of the cycle.
