I just read news in CCN, Ripple CEO told CNBC
" There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies. It's early, over time you'll see a more rational market and behaviors that reflect that "
Whats your reaction to this news ?
That's a crap article and bullshit statement from ripple CEO. in fact ripple is still following bitcoin and it's not independent, If the CEO was saying it's too early and then they should need to learn anything about bitcoin. As the first crypto and has used by all of cryptocurrency as the main pegged to the price and ripple will never to be independent. That statements to create FOMO.
We dont know on where he do get those words but hes quite confident with those statements.We do know ripple or XRP is being backed by banksters which this might be the reason he do pull up that statement where it is not already correlating with bitcoins price forever and would go independently.This is plausible but the fact it wont really be a decentralized thing anymore. I didnt trust this coin since in the very beginning though.