• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
Ripple

Ripple Co-Founder Becomes ‘World’s Richest Person’

Wilma Woo
by Wilma Woo
7 years ago
·
Posted in News, Altcoin News, Altcoins, Emerging Markets, News teaser, Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple executive chairman Chris Larsen has become “the richest person in the world” according to reports assessing his stake in the exploding cryptocurrency.


A Sea Of $Billions

In a tweet Wednesday, BitFury founder and commentator George Kikvadze noted that Larsen’s 37% stake in Ripple, which has an ‘implied’ maket value around $320 billion, makes him richer than Bill Gates and Warren Buffett.

“If centralised Ripple is worth $320 (billion) then decentralised Bitcoin is (definitely) going to be worth trillions,” he added, passing Larsen his congratulations.

BREAKING: At RIPPLE'S Implied Market Value of $320Bln – Chris Larsen with his 37% stake has become the world's richest person bypassing @BillGates & @WarrenBuffett !!! @CNBC @business @Forbes CONGRATS CHRIS !

— George Kikvadze 🇬🇪🇺🇦🇪🇺 (@BitfuryGeorge) January 4, 2018

The astonishing implication of Larsen’s personal wealth from Ripple caps the latest achievement in the altcoin’s unprecedented success story which began early last year.

Investors holding coins at the end of 2016 have made gains in excess of 20,000%, with XRP appreciating by a further third in the past 24 hours alone.

CEO Garlinghouse: Currency Utility Is Key To Success

Its performance is a sharp contrast to both Bitcoin and other major altcoins in recent weeks, which have spent time reversing previous losses or posting lesser gains.

Bitcoinist today published a comparison between Ripple and fellow payments platform Stellar, which has also seen major investment in recent weeks, speculating as to which will ultimately perform better in 2018.

Ripple’s centralized structure meanwhile continues to prove a bone of contention for some. Considering the pace of XRP’s price surge, online traders are wary of a short-term bubble popping, one trader commentating on the “sustainability” of current performance.

Don't worry guys… I'm sure this is totally sustainable.

Keep buying!!!
/s$Crypto $XRP #Ripple #Altcoins #bitcoin #cryptocurrency #cryptocurrencies #trading #investing pic.twitter.com/UnjwjBuUvK

— TWP Finance (@TWPFinance) January 4, 2018

“One of the reasons why I think XRP has done very well recently is… Bitcoin is not in a position to solve a payments problem, particularly when you talk about micropayments,” CEO Brad Garlinghouse nonetheless told the Bad Crypto Podcast in an interview this week.

He added that he was “long” on Bitcoin and supportive of it, while XRP lay in its utility as a low-fee payment method which was already “at scale.”

What do you think about Ripple’s growth and future? Let us know in the comments below!


Images courtesy of Shutterstock, jsbarefoot.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Wilma Woo

Wilma Woo

Follow

Full Profile

Related Posts

Trump

Trump Vs. Musk Gets Ugly—Could Crypto Take A Hit In The Crossfire?

1 day ago
Altcoins

Altcoin Season Index Points To Possible Bottom Despite Bitcoin Dominance

1 day ago
Ripple

Ripple CEO Brad Garlinghouse Set To Testify Before US Senate

1 day ago
Ripple

Ripple CTO Makes Major Revelations: Early XRP Entry, Mined Bitcoins — Here’s The Details

1 day ago
Altcoins

Altcoin Season Brewing? Index At Levels That Historically Spark Massive Rallies

2 days ago
XRP

XRP Eyes $2.60 As Price Action Teases Breakout Above Critical Resistance

3 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • [Exchange Background] Kraken certified ETHRANSACTION cloud...

    4 hours ago
  • MiningToken Becomes the Most Profitable Bitcoin Cloud...

    5 hours ago
  • Crypto ETFs promote the development of cloud mining...

    6 hours ago
  • XRP Mining teaches you how to turn your cryptocurrencies...

    7 hours ago
  • Earn $2,750 a day through XRP and BTC? Ripplecoin Mining...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.