{"id":53481,"date":"2021-11-24T17:54:55","date_gmt":"2021-11-24T15:54:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53481"},"modified":"2025-09-03T15:18:38","modified_gmt":"2025-09-03T12:18:38","slug":"brad-garlinghouse-criticises-dogecoin-for-its-inflationary-factors","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/brad-garlinghouse-criticises-dogecoin-for-its-inflationary-factors\/","title":{"rendered":"Brad Garlinghouse criticises Dogecoin for its inflationary factors"},"content":{"rendered":"<p>Brad Garlinghouse, CEO of Ripple, in an interview with <a href=\\\"https:\/\/www.cnbc.com\/2021\/11\/23\/dogecoin-is-not-good-for-the-crypto-market-ripple-ceo-says.html\\\">CNBC<\/a>, said that he is not a fan of the meme cryptocurrency Dogecoin due to its unlimited issuance.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;I&#8217;m not actually convinced, but I suppose it&#8217;s somewhat controversial that Dogecoin is good for the crypto market. The coin has certain inflationary factors as such, which would make me reluctant to own it,\\&#8221; he said.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Garlinghouse noted that Dogecoin differs markedly from some larger cryptocurrencies, such as Bitcoin, in the absence of a hard cap on its total supply. The supply of digital gold is capped at 21 million BTC.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Garlinghouse noted that Dogecoin was created as a joke, but later \\&#8221;received a boost from some well-known figures such as Elon Musk\\&#8221;.<\/p>\n<p>\\n\\n\\n\\n\\n\\n\\n<\/p>\n<p>Despite skepticism toward meme cryptocurrencies, Garlinghouse was optimistic about the market&#8217;s prospects overall. He said that global inflation has increased interest in digital assets and has made Bitcoin a hedge against devaluation. The Ripple CEO stressed that this is not the sole driver for digital gold.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;I think, looking ahead, these are real technologies that are fundamentally reshaping how our financial infrastructure works. I am very optimistic about what the long-term horizon looks like,\\&#8221; he concluded.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\nAs previously reported, former NSA and CIA employee Edward Snowden <a href=\"https:\/\/forklog.com\/en\/news\/snowden-explains-his-negative-stance-on-meme-tokens\">stated a negative stance toward Dogecoin<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brad Garlinghouse, CEO of Ripple, in an interview with CNBC, said that he is not a fan of the meme cryptocurrency Dogecoin because of its unlimited issuance.<\/p>\n","protected":false},"author":1,"featured_media":53482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1274,99,1138],"class_list":["post-53481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-brad-garlinghouse","tag-dogecoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=53481"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53481\/revisions"}],"predecessor-version":[{"id":53483,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53481\/revisions\/53483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/53482"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}