Brad Garlinhouse, Ripple CEO, warns some cryptocurrencies may drop to £0!

Ripple CEO Brad Garlinghouse believes that most cryptocurrencies won't last long in the market. At the Goldman Sachs Technology and Internet Conference on Tuesday, he said that the value of most cryptocurrencies will drop to 0$. He believes cryptocurrencies are too unpredictable and have a volatile price market because the entire crypto-market is unregulated.

Garlinghouse said most cryptocurrencies don't have a value proposition and are being traded solely on a speculative basis. Despite his fears, he still believes that Bitcoin will come out to be a success.

The volatility in the market is linked to the unregulated nature of the blockchain technology. He believes there should be more regulation if we want the whole asset to grow up. He added that the revolution of the BlockChain is not going to happen from outside the system, it is going to happen from within the system.