Ripple co-founder becomes the richest person in the world thanks to exploding cryptocurrency

Move over Bill Gates, Warren Buffet, and Jeff Bezos, the Ripple co-founder has taken your place

In the cryptocurrency universe, if you mined or even bought some Bitcoin around seven to eight years ago, you would be sitting on a gold mine right now. Such is the story of Ripple co-founder Chris Larsen, a fintech expert, who has managed to bulldoze the competition and become the ‘richest person in the world’.

Larsen currently holds a 37% stake in Ripple, and according to experts, it has an implied market value of around $320 billion, which pretty much means that the guy is richer than Bill Gates and Warren Buffet.

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

Larsen, on the other hand, believes that if Ripple can be given such a huge value, then so can Bitcoin.

“If centralised Ripple is worth $320 (billion) then decentralised Bitcoin is (definitely) going to be worth trillions.”

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

— The Wolf (@WolfOfPoloniex) January 4, 2018

According to Ripple CEO Brad Garlinghouse, Ripple has done very well because it can be very useful for a low-fee payment method. He does say that while he supports Bitcoin, this cryptocurrency is currently not in a position to solve the payments issue, though there are still merchants around the world that are accepting Bitcoin.

“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.”

What predictions are you going to make around Ripple regarding its sustainability? Will Chris Larsen become richer than ever before?

Do let us know in the comment section below.

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