Here's What It Would Take for Mark Yusko to Buy XRP
Alex Dovbnya The prominent hedge fund manager has named his conditions for buying XRP Cover image via www.youtube.com During a recent interview with Paul Barron Network, Morgan Creek Capital's Mark Yusko said that the hedge fund did not actually own any XRP tokens. "The short answer is that our job…is to invest in digital asset infrastructure. We own a lot of Bitcoin, we own a tiny bit of Ethereum, we own a fair amount of Solana…we don't own XRP," he said. Yusko explained there there was no demand for tokens like XRP and Dogecoin among founding groups."When we talked to funding groups, we haven't met many founding groups that are working on those platforms. We don't own Dogecoin, right?" he said. Morgan Creek Capital would only consider getting exposure to XRP if XRP was actually going to replace SWIFT white also being adopted by such banking giants as Bank of America and JPMorgan. He has noted that the "XRP people" want the banking system to use it as a base layer. "Is there a world where you could see enough you know lobbying being done that that gets proposed," he asked. Yusko has also criticized XRP for not being "properly decentralized," adding that Bitcoin is a better solution. As reported by U.Today, Yusko claimed that XRP and XLM were excluded from Morgan Creek's cryptocurrency index fund due to a high level of centralization.During the most recent interview, he added that Bitcoin as a base lawyer is a better solution. Recently, Ripple was criticized for allegedly lobbying against a strategic Bitcoin reserve. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. About the author Alex Dovbnya Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected]. Related articles