Bear Market is Also the Buyer Market Brad Garlinghouse of Ripple (XRP) on This Too Shall Pass

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The cryp­tocur­ren­cy mar­ket is at a point in time where most of the cryp­tocur­ren­cies are set to move to the price of zero. How­ev­er, those who are con­fi­dent and have seen sev­er­al down­turns firm­ly believe that the bear mar­ket is also known as the buyer’s market.

Brad Gar­ling­house, CEO at Rip­ple:  Days like today are nev­er what you hope to see, esp. in an indus­try w/ as much incred­i­ble tal­ent as cryp­to. If you recent­ly joined the indus­try and haven’t seen a down­turn like this, know that this too shall pass (advice from some­one who’s seen a few down­turns over the years).

It’s nev­er easy, but there are a few key rea­sons why Rip­ple has weath­ered the cycli­cal bear mar­kets, as we will do here and con­tin­ue grow­ing. 1/ hav­ing an expe­ri­enced exec team that has been through the dot com bub­ble, 2008 finan­cial cri­sis, 2018 cryp­to win­ter and more.

Focus­ing on the long term – Rip­ple has been build­ing enter­prise prod­ucts with long-term util­i­ty NOT spec­u­la­tion. These are prod­ucts that solve prob­lems today, not ones in search of a prob­lem. FYI – Q2 ODL vol­ume (well over $1B) already sur­passed its tar­get 3 weeks before EOQ.

Oper­at­ing with trans­paren­cy – as a hold­er of XRP, we believe com­mu­ni­ca­tion & trans­paren­cy (includ­ing our Quar­ter­ly Mar­kets Reports) are key to being a respon­si­ble stake­hold­er. We’ve been ask­ing for reg­u­la­to­ry clar­i­ty for years and have been upfront about what is/isn’t working.

Pay­ing atten­tion – what’s hap­pen­ing now is not a small mar­ket gyra­tion. We’ve been prepar­ing for this w/ a sig­nif­i­cant cash bal­ance, and thus can afford to keep hir­ing the best tal­ent w/ the goal of 50% out­side the US.

The mar­ket is like­ly going to shrink in the near term, but I and many oth­ers have every ounce of con­fi­dence that cryp­to will suc­ceed in the future as an inte­gral part of our glob­al finan­cial sys­tems. Slow and steady wins the race.

Com­mu­ni­ty Reac­tion:  If I were wealthy, I wouldn’t wor­ry, but I’m aver­age and I cashed out to buy prep­per essen­tials, ie. Gen­er­a­tor, solar sys­tem, Mylar bags, dehy­dra­tor, and a freeze dry­er. My gar­den is flourishing.

Thanks to all the team at Rip­ple. This is my first big down­turn in my first ever invest­ment and because of you and many oth­ers in this space I’m good with it learn­ing from it and look­ing for­ward to the future. With my bags untouched it’s a great place to be.

Let’s be hon­est it only been “slow and steady” because your tech works and you’ve suf­fered unwar­rant­ed con­stant attacks because your tech­nol­o­gy is supe­ri­or and has been so over a decade.

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