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Ripple CEO Flattered by Accusations of Being Elon Musk's "Puppet Master"

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Mon, 05/24/2021 - 05:59
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Alex Dovbnya
Ripple CEO Brad Garlinghouse finds the accusations of pushing the Bitcoin energy usage FUD "beyond flattering"
Ripple CEO Flattered by Accusations of Being Elon Musk's "Puppet Master"
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Ripple CEO Brad Garlinghouse claims that it’s “beyond flattering” that Coinshares CSO Meltem Demirors thinks that his company is orchestrating the Bitcoin energy use FUD:

It’s beyond flattering that you think Ripple is the puppet master behind Elon Musk, countless scientists, governments, crypto enthusiasts and others who have stated the facts about BTC’s energy use.

As reported by U.Today, Demirors suggested that Ripple was the company that was pushing the pernicious anti-Bitcoin narrative.

Ripple’s top executives routinely criticize Bitcoin’s energy use, with founder Chris Larsen even claiming that it should ditch its proof-of-work algorithm. On top of that, the company is in the lead by the amount of money spent on lobbying efforts.

Related
Elon Musk Believes Fiat Is Your Real Enemy

Elon Musk’s sudden U-turn on Bitcoin is still shrouded in mystery. The billionaire agreed that the cryptocurrency was incentivizing green electricity adopting just weeks before Tesla stopped accepting the cryptocurrency as a means of payment.          

Cathie Wood of Ark Invest suggested that large institutional players in the likes of BlackRock might be involved.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.