Bitcoin's influence over cryptocurrency prices could end soon, says Ripple CEO

Bitcoin's influence over cryptocurrency prices could end soon, says Ripple CEO

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/30/bitcoins-influence-over-cryptocurrency-prices-could-end-soon-says-ripple-ceo.html

Cryptocurrency prices have been highly correlated with bitcoin, the first and most famous out of thousands that exist. But that could end soon as markets start to acknowledge the differences between these assets, according to Ripple CEO Brad Garlinghouse.

"There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies," Garlinghouse told CNBC's "Power Lunch" Wednesday. "It's early, over time you'll see a more rational market and behaviors that reflect that."