Thursday, May 26

Ripple CEO Says Demirors’ Claims Are “Proud”


brad garlinghouse

Ripple’s CEO responded to claims about Bitcoin (BTC) energy use FUD.

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Ripple CEO Brad Garlinghouse said it was “proud” that Coinshares CSO Meltem Demirors thinks her company is managing the Bitcoin energy use FUD.

“It’s proud that you think Ripple is the name behind Elon Musk, countless scientists, governments, cryptocurrency enthusiasts, and others who express the truth about BTC’s energy use.”

As we reported yesterday, Demirors suggested that Ripple is the company behind the anti-Bitcoin narrative. Ripple’s top executives routinely criticize Bitcoin’s energy use, while founder Chris Larsen claims he should abandon the proof-of-work algorithm. Moreover, the company takes the lead in the amount of money spent on lobbying efforts.

Elon Musk’s sudden U-turn in Bitcoin is still a mystery.