Ripple’s CEO, Brad Garlinghouse, was recently interviewed by Cory Johnson (Chief Market Strategist at Ripple) in an Ask Me Anything (AMA) session that was aired on Wednesday, August 22nd. In the AMA session, Brad and Cory discussed a lot about XRP, Ripple’s products, new employees at Ripple as well as the future of the cryptocurrency and blockchain industries across the globe.
Q3 Could be the Game Changer for XRP
Of particular importance during the discussion, is when Cory Johnson asked Brad Garlinghouse about what his thoughts were with Wallstreet and institutional investors talking about how they want to get into the crypto space as well as the challenges they are facing with custody services for digital assets.
Brad is quoted as stating the following:
One of the things I will tease for a future announcement within the Q3 market reports, which we always share…where we see institutional participation in buying XRP. Q3 will definitely be a record of institutional participation in buying and interest in holding XRP.
Further analyzing Brad’s comments, we can speculate that institutional investors are already buying XRP or plan on doing so in this third quarter of 2018. One question everyone is asking, is why the price of the digital asset has not gone up if these purchases are happening. The answer to this question could be that the Institutional investors are buying XRP Over The Counter (OTC) rather than through the regular crypto exchanges we are used to.
https://dictoms.com/quarter-three-might-be-the-game-changer-for-xrp/