Ripple general manager, Danny Aranda, finds the uneasiness created by the occasional volatility (extreme volatility) in cryptocurrencies unnecessary in the market.. He even argues that this volatility is a good thing for cryptocurrencies.. This volatility in the cryptocurrency market was described as a “bubble” by some economists, and negative comments were made.. For example, the famous economist Nouriel Roubini declared Bitcoin “the biggest bubble in human history”.. In addition, Roubini explained that he expects the Bitcoin price to drop to zero.. On the subject, Ripple general manager Aranda, who is completely in this market, made the opposite comment of these views.. Aranda said that the extreme volatility in prices was viewed positively by him and other colleagues at Ripple.
Speaking to Express.co.uk, Danny Aranda used the following statements in the interview:
, personally, we see it as a good thing. Volatility brings an interest to the market. For sellers, volatility can mean lots of profits.. You can think of the mobility in the market for cryptocurrencies as a mechanism that encourages people to the market.. And as the market grows and the volume grows, we think you will bring more stability to that market.. The volatility of the market stems from South Korea’s harsh regulations in the sense of a blow to obscure sellers operating in the country.. “
Danny Aranda is of the opinion that volatility in cryptocurrencies brings investors, not harm
Aranda described the regulation as “potentially harmful” as a narrow viewpoint. He praised the regulation as a useful method to “provide more trust and a more stable environment for the nation.”
Ripple General Manager Aranda continued:
“ Correct and strict regulations can have a short-term negative impact on price. Our view is a long-term perspective.. We are a company that has been in this market for five years. We plan to stay here for a long time and make plans accordingly.. We can see the short-term effects of the price as the Regulations made in China and South Korea come into effect.. However, in the long run, we think it will give more confidence to investors and provide a safer environment for people to participate in this ecosystem.”
express.co.uk