Despite the traction it gets, Brad Garlinghouse believes that Dogecoin is not entirely good for the market, says it suffers from the same inflationary pressure as fiat.
He acknowledged Bitcoin’s momentum, saying that it’s rewiring a system that has existed for decades, which is not easy.
By now, every other cryptocurrency thought leader has shared his thoughts on Dogecoin, the leader of the meme coin movement. Brad Garlinghouse, the CEO of Ripple Labs, belongs to the group of those not convinced that Dogecoin is entirely a good thing for the market, despite being one of the most popular tokens by Google search and being supported by titans like Elon Musk.
Garlinghouse, who is charged with securities law violation by the SEC alongside Ripple and Chris Larsen, was speaking during a panel at the Fintech Abu Dhabi event today. On Dogecoin, he said:
I’m actually not convinced, somewhat controversially I guess, that dogecoin is good for the crypto market.
He’s not the first to cri
