Odaily Planet Daily News Ripple CEO Brad Garlinghouse stated that with the significant rise in XRP prices and the increasing demand for Ripple's blockchain solutions, Ripple's previous valuation of $11 billion is now "severely outdated." In a recent interview, he pointed out that the company holds a large amount of XRP (currently valued at over $100 billion), which is a key factor in changing Ripple's valuation outlook. Garlinghouse also compared Ripple's valuation metrics to MicroStrategy, noting that the latter's trading price is above its asset value, "Ripple's trading price in the private market has consistently been below its asset value, while MicroStrategy's trading price is three times its net asset value." At the beginning of 2024, Ripple repurchased $300 million worth of stock when its valuation was $11 billion. However, Garlinghouse stated that due to the rise in XRP prices and institutional adoption, such a valuation is no longer relevant to Ripple's current financial status. Additionally, Garlinghouse mentioned that the departure of U.S. SEC Chairman Gary Gensler and the opportunity for new government regulatory certainty mark a "turning point" over the past few months. Regarding the recent shift in the U.S. government's stance on cryptocurrency innovation, he stated, "The winds have changed." He also mentioned that 95% of Ripple's customers are outside the U.S., but he expects interest to return to the U.S. in the coming months. (Coingape)

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