Ripple CEO (XRP) Brad Garlinghouse has advised investors as the crypto market continues to decline. He talked about how Ripple, which has survived many bear markets, is surviving and preparing for the crypto winter.
CEO of Ripple garlinghouse, While the current decline in the market continues 14 June on Twitter on in the posts bear markets about in the statements and give advice found.
Acknowledging that it is not easy to go through periods of falling markets. garlinghouseurged investors to stay strong.
Days like today are never what you expect to see, especially in an industry as incredibly talented as crypto. If you’re new to the industry and haven’t seen such a downturn, know that this too will pass (advice from someone who’s had a few downturns over the years).
Ripple has survived many bear markets
Garlinghouse explained how Ripple has survived the previous bear markets and how it will continue to do so in the future.
It’s never easy, but there are a few key reasons why Ripple has weathered cyclical bear markets, as we will do here and continue to grow.
Saying that they have an experienced executive team that has experienced the dot-com bubble, the 2008 financial crisis, the 2018 crypto winter, the CEO stated that Ripple is focused on creating long-term useful products that solve current problems.
Garlinghouse also added that the company operates within transparency frameworks and communicates with investors and stakeholders in different ways, including quarterly market reports.
We will continue to recruit
Stating that the decline in the crypto money market is not a small market cycle, but a crypto winter, Ripple CEO stated that they are preparing for this with a significant cash balance.
Stating that they will continue to recruit like Binance during this period, Garlinghouse concluded by sharing his views on the future of crypto:
The market will likely shrink in the near term, but I and others believe crypto will prosper in the future as an integral part of our global financial systems. Slow and calm wins the race.