Key facts
- Ripple CEO Brad Garlinghouse stated he personally owns Solana (SOL) tokens.
- Garlinghouse advised investors to diversify their cryptocurrency portfolios.
- He suggested holding the top five cryptocurrencies for five years.
- Garlinghouse does not consider Solana a direct competitor to Ripple.
- He believes both XRP and Solana will perform well long-term.
Ripple CEO Brad Garlinghouse has stated that he personally holds Solana (SOL) tokens and does not consider the blockchain a competitor to Ripple. In comments that may surprise XRP holders, Garlinghouse advised against XRP maximalism, suggesting instead that investors diversify their portfolios. He recommended holding the top five cryptocurrencies by market capitalization for five years, stating that this strategy would lead to good returns. Garlinghouse explicitly mentioned owning "a little bit of Solana" and expressed being "bullish on a bunch of cryptos for a bunch of reasons." He believes both Solana and XRP are poised to perform well in the long term. The current top five cryptocurrencies by market capitalization, according to Garlinghouse's implied basket, include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, and XRP.