Brad Garlinghouse on Bitcoin

In what some may deem an unexpected move, Brad Garlinghouse, CEO of digital asset firm Ripple Labs and majority holder of the XRP cryptocurrency, clarified his stance on Bitcoin (BTC).

> “I first bought bitcoin in 2012 coming out of an event when I was first introduced to it,” Garlinghouse explained. “And I am bullish on bitcoin, period, full stop,” he added.

Garlinghouse made these comments on Wednesday at the Blockworks Digital Asset Summit in New York City during a fireside chat with Hunter Horsely, CEO of crypto investment firm Bitwise.

Many in the Bitcoin community criticize XRP because 80% of the token supply was gifted to Ripple, effectively giving the firm control over the asset. Garlinghouse even mentioned he is a BTC hodler: “I’ve used bitcoin for various transactions, but I haven’t sold it,” he said.