Brad Garlinghouse Supported Musk's Statements
Ripple CEO Brad Garlinghouse supports Elon Musk's statements regarding Bitcoin.
Brad Garlinghouse supported Musk's statements. Tesla founder
Elon Musk announced that the electric car manufacturer stopped Bitcoin payments due to its carbon footprint, and a statement came from Ripple CEO Brad Garlinghouse, one of the important names in the cryptocurrency universe.
Garlinghouse, who previously criticized
cryptocurrency for the energy spent, said the following regarding Musk's explanation; “We cannot deny that there is such a problem. Let's focus on the solution.”
Brad Garlinghouse, who had previously made statements about the use of Bitcoin and energy and gained serious reaction from the cryptocurrency market for calculating the number of barrels of oil spent on a Bitcoin transaction, supported Elon Musk for Tesla to stop selling vehicles with Bitcoin.
Evaluating Tesla's decision on his social media account, Garlinghouse said:
“We don't need to think too deeply about this issue. Few people changed the world as Elon Musk did. There is no doubt that BTC will remain in our lives, but denying that there is a problem will not enable us to solve that problem. Let us focus on the solution, whether with renewable energy or architectural changes.”
Ripple CEO Garlinghouse, who made evaluations on this issue at various times, especially after the SEC's lawsuit against Ripple in December, stated that XRP is much more suitable than BTC in terms of spent energy.