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Ripple’s Brad Garlinghouse admits that they control the price of XRP

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In an interview for CNN Ripple’s Brad Garlinghouse admits that the XRP community Ripple is the largest owner of coins and the reason for that is that Ripple does not want another party buy all that big amount and dump it into the market.

Garlinghouse also admits that basically they can control the price.

At the time of writing XRP price is hovering around $0.25.Ā  The top price ripple hit in January 2018 was $3.78 dumping after that in less than two weeks to $1 per coin.

What are your thoughts about the centralization of Ripple, moreover when their CEO admits that they can control the price?

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Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past.

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