Ripple CEO Brad Garlinghouse Says He Wouldn’t Hold Dogecoin – Here’s Why

Por The Daily Hodl - 2 anos atrás - Tempo de leitura: 2 minutos

Ripple CEO Brad Garlinghouse Says He Wouldn’t Hold Dogecoin – Here’s Why

O diretor executivo da Ripple Labs is outlining his reasons for not holding the meme asset Dogecoin (DOGE).

Numa nova entrevista with CNBC, Brad Garlinghouse says that he doesn’t believe DOGE is good for the crypto markets and points to the coin’s inflationary dynamics as a primary problem.

“I’m actually not convinced, somewhat controversially I guess, that Dogecoin is good for the crypto market. It was built as a joke, then it got some momentum from some high-profile people like Elon Musk.

Dogecoin has some inflationary dynamics itself that would make me reluctant to hold it.”

With inflation at the highest in years in the US, Garlinghouse says he doubts assets with built-in inflationary mechanisms will perform well as consumers search for investments that will rise in value due to their scarcity.

“We’re seeing inflation that we haven’t seen in decades. When people are concerned about holding a fiat currency that might be inflating, and that’s devaluing, they’re looking at: ‘How can I hold other assets that won’t have that same inflationary dynamic?’”

Though Dogecoin has no maximum supply of coins it can have in circulation, its production is tampado at five billion new DOGE per year.

DOGE is trading hands $0.226 as of writing, a 24% decrease from its 30-day high of $0.299.

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  Isenção de responsabilidade: As opiniões expressas no The Daily Hodl não são conselhos de investimento. Os investidores devem fazer a devida diligência antes de fazer qualquer investimento de alto risco em Bitcoin, criptomoeda ou ativos digitais. Informamos que suas transferências e negociações são por sua própria conta e risco, e quaisquer perdas que você possa incorrer são de sua responsabilidade. O Daily Hodl não recomenda a compra ou venda de quaisquer criptomoedas ou ativos digitais, nem é o The Daily Hodl um consultor de investimentos. Observe que o The Daily Hodl participa do marketing de afiliados.

Imagem em destaque: Shutterstock / INelson

O posto Ripple CEO Brad Garlinghouse Says He Wouldn’t Hold Dogecoin – Here’s Why apareceu pela primeira vez em The Daily Hodl.

Fonte original: The Daily Hodl