- Ripple CEO Brad Garlinghouse asserts that the company’s XRP holdings are now valued over $100 billion, significantly exceeding its previous $11 billion valuation.
- Peter Brandt, a veteran trader predicts that XRP’s market value could reach a potential $500 Billion driven by recent price surges and increased demand.
Ripple’s CEO Brad Garlinghouse has been an outspoken advocate within the cryptocurrency sector. In a recent report, Brad Garlinghouse forcefully rejected the 11 billion market cap, condemning it as severely outdated.
These assertions stem from the successful rally XRP has recorded, especially the ” Trump Rally,” and increased demand for Ripple’s blockchain solutions.
In a recent interview with a leading news outlet, Brad Garlinghouse confidently asserted that the company’s significant holdings are currently valued at over $100 billion.
The total value of the XRP we hold is now greater than $100 billion, said Garlinghouse.
Ripple CEO Brad Garlinghouse announced that the company now holds over $100 billion worth of XRP tokens. This significantly impacts Ripple’s valuation as a blockchain infrastructure company. Garlinghouse noted that Ripple’s private market trading has been at a discount to its net asset value, unlike cryptocurrency-related companies like MicroStrategy.
He then drew a comparison between Ripple’s valuation and that of MicroStrategy, led by Michael Saylor, highlighting the latter’s premium valuation. “While MicroStrategy trades at a significant premium to its assets, Ripple has been valued at a discount in private market transactions,” Garlinghouse explained.
Ripple, previously valued at $11 billion in early 2024 during a $300 million share buyback, no longer reflects its current financial standing according to CEO Brad Garlinghouse.
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