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Transparency in crypto industry ‘critical’: Ripple CEO

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Ripple CEO Brad Garlinghouse weighs in on regulation and volatility in the crypto markets from WEF in Davos as bitcoin hovers around the $29,000 level.

Along with the stock market, bitcoin has experienced a lot of volatility recently. Two weeks ago, bitcoin plunged to the $25,000 level, its lowest since December 2020, then bounced back over $30,000, according to

"There’s no question there’s been a lot of turbulence in the crypto market," Garlinghouse said, noting that "if you zoom out, though, over the last two years, you have to remember that bitcoin was at about $8,000 two years ago. Today it’s around $30,000."

 

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