cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

6 Reasons Why This Finance Expert Dumped His Ripple (XRP) Holdings

-

by

cryptd.in
in

TL;DR

  • Finance expert Gary Cardone sold his XRP positions, citing unclear supply/demand dynamics, skepticism toward the Ripple community, and other reasons.
  • Despite his concerns, the potential approval of a spot XRP ETF in the US and the ongoing Ripple-SEC lawsuit developments, could create significant upside for the asset’s price.

‘Never Follow the Crowd’

The Ripple community comprises millions of investors and is among the strongest in the crypto industry. However, one of those recently decided to sell his XRP positions.

The person in question is the finance expert Gary Cardone. He revealed to his 76,000 followers on X that he dumped his XRP holdings when the asset’s price was hovering at $2.71. The American also outlined six reasons driving his choice. 

First, he said he doesn’t understand the asset’s supply/demand dynamics. To the uninitiated, XRP has a total supply of 100 billion coins, 57% of which are currently in circulation. Ripple Labs holds a significant amount of tokens and releases 1 billion tokens each month via its escrow system. 

Second, Cardone claimed others couldn’t explain those dynamics in “a very understandable way” and couldn’t draw it on a whiteboard.

Third, he thinks people should stay away from an ecosystem full of people who “know the price of everything, but the value of nothing.” It is worth noting that the Ripple community is indeed full of members who make ridiculous price predictions that are not based on technical analysis or any sort of thorough research. 

Forth, the finance expert warned investors never to confuse short-term noise with a long-term investment/plan/goal. 

His fifth reason states that “real wealth is made by highly consolidated bets and investments that are made over long periods of time.” Lastly, he argued that people should “never follow the crowd.” 

Yes, But…

Contrary to Cordone’s reasons, there are some factors that suggest exiting the ecosystem right now might not be the wisest move. 

First, we have a bunch of well-known companies, such as Grayscale, Bitwise, and 21Shares, competing to launch the first spot XRP ETF in the United States. The investment vehicle (if approved) will allow investors to gain exposure to the asset without having to purchase it from exchanges and worry about self-custody. 

The US SEC has already acknowledged those applications. Furthermore, it recently posted Grayscale’s filing to the Federal Register, which means it has to give its final say on the product by October 18. 

Next on the list is the potential resolution of the lawsuit between Ripple and the US SEC. The entities have been confronting the legal front for over four years, but some partial court victories and developments seemingly tipped the scales in favor of the company.

It is important to note that the SEC’s anti-crypto Chairman, Gary Gensler, resigned a month ago and was succeeded by Mark Uyeda, who has a much different stance on the digital asset industry.

Earlier today (February 21), Coinbase’s CEO Brian Armstrong 발표 that his firm reached an agreement with the securities regulator to dismiss their case. The XRP Army celebrated the news, arguing that the next dropped lawsuit could be against Ripple. 

게시물 6 Reasons Why This Finance Expert Dumped His Ripple (XRP) Holdings 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (241) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (2) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (32) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (49) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (3) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (3) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (3) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.