Ripple News: Gary Cardone Says Brad Garlinghouse Failed XRP Investors on ‘60 Minutes’
The post Ripple News: Gary Cardone Says Brad Garlinghouse Failed XRP Investors on ‘60 Minutes’ appeared first on Coinpedia Fintech News
Ripple CEO Brad Garlinghouse appeared in a recent 60 Minutes interview, which provided exposure for both Ripple and the broader cryptocurrency industry. However, the interview also faced criticism for including comments from John Reed Stark, a vocal critic of crypto, who dismissed it as a scam with no utility. His views align with those of SEC Chairman Gary Gensler, and many felt they were presented without proper counterpoints.
Garlinghouse later took to social media and pointed out that 60 Minutes failed to mention a federal judge’s ruling that XRP is not a security. He also said that the program overlooked the SEC’s legal setbacks and meetings between Gensler and FTX founder Sam Bankman-Fried. These omissions sparked concerns about potential bias in the reporting.
On the Good Morning Crypto Show, Gary Cardone of Cardone Digital Ventures shared his thoughts on Garlinghouse’s appearance on 60 Minutes, saying he’d rather speak his truth than worry about how it’s edited. He pointed out that Ripple paid for the interview, which likely cost millions, and questioned why Garlinghouse would let it be edited in a way that made him look bad. Cardone argued that if Garlinghouse couldn’t control the interview, it raised doubts about his leadership. He also criticized the marketing strategy, saying it failed as an investment.
Cardone admitted that he bought XRP, expecting Garlinghouse to perform better. However, he remains uncertain about holding it long-term. He also mentioned that when he asked Ripple-related questions, he never received answers, particularly about why Ripple doesn’t replicate MicroStrategy’s strategy of buying and holding assets like XRP.
However, despite these issues, Garlinghouse considered the appearance a success for Ripple, as it showed the company’s legitimate use of XRP for cross-border transactions and brought to attention the growing recognition of blockchain technology.
$XRP I feel like I wouldn’t be doing my duty to this community if I didn’t warn you all what I think is going to happen in the coming months and it’s been a while since the predictions in my pinned post have come to fruition so I want to make a few more observations on the developments I feel are coming so you can all be prepared.
1) Christmas rally - it happens 8/10 times due to crypto bros telling their loved ones whom are drunk off of eggnog about crypto and they all ape in.
2) Blackrock scheming. Just look at Larry Fink and tell me he’s not demon possessed. These are inside traders who can foresee what’s coming, they will want to derail what trump and Elon are planning for their own benefit.
3) The last sting of a dying wasp that is Gary gensler. He will push through the appeal to do as much damage as possible so he can get one last payday from the Eth foundation and his handlers. Paul Atkins will battle to end this thereafter but paper hands will strike once again as usual.
4) pro crypto head of SEC ends the case as previously foretold
5) floodgates open and mass adoption accelerates. This is what the XRP army have waited for for so long and the speculative pump will be nothing compared to this. I cannot foresee what the top of the utility run would be but Xrp cannot operate properly if it is dirt cheap. Let’s say Xrp is moving $100billion a day over swift after ISO20022 implementation and it is priced at $2 well, that would use up 50billion Xrp, it’s simply not feasible after utility kicks in. This speculative pump is great and all but it’s nothing compared to a utility run. Many logical people have stated this over the years but obviously Xrp has been a disappointment before, that ends in 2025. ISO20022 full implementation next year will be the .com boom of crypto and those tokens will absorb the liquidity of the shitcoins.
6) Don’t expect crazy high prices for Xrp unless it is directly used. RLUSD will be great for adoption as institutions are fearful of volatility but direct usage would bring us to new heights. Patience pays off.
This is not an analysis, go study. You know about the ledger, XRP. Always these charts with wedge. Correction? When? Why? Where do you see this? You know nothing.
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Fabio investidor mfs
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For all beginners this is an important message. $XRP is trading higher after RLUSD news. Stay tuned as there will be a correction soon.
You don't know nothing about the signs and XRP, go to study. You copied this information of the market. you don't know nothing.
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Lidia Glader LOvg
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$XRP I said last time that Ripple was going to fall, and some people called me a coin beginner. That's right. I'm a beginner. I've been investing in the stock market for a long time. Based on that, I'll tell you what I think.
1. It went up too suddenly. I think the supply is being absorbed now, but the price is being traded at a very high level. It went up from $0.5 and is currently around $2.4. It went down in the middle, but the price was around $2. Even if it went down, it quickly hit the bottom and went up again. I think that the fundamentals are weakened because the supply is not absorbed properly. Think about it. Do you think that someone who bought at $1.50 and someone who bought at $2.20 will react the same way when the price drops?
2. Whales still don't have enough supply. Look at the current supply. They are almost repeating selling and buying again. If you really have a lot of money, you can adjust the price to some extent. If 100M were to come up for sale at once, wouldn't it crash? If I were you, I would drop it even more. Currently, they are unknowingly passing on the quantity to individuals. And then it crashes. Then individuals are scared. Maybe if it goes down to around $1.2, everyone will run away? And if they buy more, they can make more money.
3. There is still no reason for $5 or $10. Do you know how dangerous it is for the price to rise without a reason? The price rise requires market recognition. The last time it reached $2.9, the market went crazy. That's why it has been moving sideways for almost 10 days now. There is no reason to digest the quantity and no reason. It will probably maintain this price and then suddenly go crazy and liquidate everything. Then they will buy everything again. If there are many announcements next year, there will be a reason and the market will recognize it. Then $3 or $5 won't be strange. I understand that everyone wants to get rich with Ripple. But friends, the rich are not philanthropists. They are playing the same game, but they are just playing from an advantageous position. Be a little smarter.
You didn't make any money and you want to buy it at 50 cents. Your thinking is that of an envious person, a person who will never be able to make much, you are poor... XRP 10