bitcoinisking Posted February 26, 2020 Share Posted February 26, 2020 In an interview with CNN’s Julia Chatterley, Anthony Pompliano, co-founder of Morgan Creek Capital, said he would not buy XRP. He has put Bitcoin apart from other Blockchain projects and said XRP is not worth any promotion. Co-founder Morgan Creek Capital has no faith in Ripple’s XRP Anthony Pompliano seems to have never considered buying XRP or TRX. Because Pomp flatly says no to XRP as well as other crypto-assets. He makes Bitcoin different from all other Blockchain projects. He stated simply that he did not believe that they hold the same value proposition as Bitcoin. He shared: “No, because I ultimately don’t think that they have the same value that these assets have. I believe that stocks – what gives them value? – GDP, revenue, profits, etc. Everything that makes those valuable that doesn’t ‘ t change. You’re just changing the technology form factor of which you will buy that asset.” He continues: “All of these other assets that are ‘utility tokens,’ either they’re utility in terms that they give you access to something. Hence, they’re not an investment, or it is more I get utility or some [better] service in exchange.” Pompliano went on to explain that XRP and Ripple are two very different investments. For example, Ripple has assets like xRapid, xCurrent, and XRP, as well as profits, cash flow, investments in Bitso, Moneygram, and other metrics used for valuation. On the other hand, XRP has nothing to create or promote its value other than price speculation. He shared: “Ripple, the software company, is different than XRP, the token. I think that part of the problem is that retail investors had believed that by buying XRP, they had exposure to the financial performance of Ripple. That’s not true … If Ripple is successful, that does not necessarily mean that XRP ends up being successful.” He added: “I, as an investor, want to own equity in the software company because there are profits, there’s assets, revenues, etc. I don’t want to own an asset that may or may not be there in the future and doesn’t have an underlying utility or value driver that I can point to and say I have confidence that that’s going to last.” He went on to say that in addition to Bitcoin, he felt that tokenized securities were the second most exciting type of crypto investment and that he saw a great future for traditional tokenizing assets. Read full: https://azcoinnews.com/anthony-pompliano-would-not-buy-xrp-cause-it-has-nothing-driving-value.html Scout, Julian_Williams, GrumpyDon and 1 other 3 1 Link to comment Share on other sites More sharing options...
Julian_Williams Posted February 26, 2020 Share Posted February 26, 2020 (edited) I would think XRP price will be driven by demand for XRP as a traded token required for moving money across borders. As such it has to be held by the exchanges in large quantities, and can be held as a store of value by companies/individuals wanting to hold a multinational currency that at any moment can be converted into any other currency on earth (when every country has a corridor open). Susan Athern's paper studies the effects of usage of XRP tokens against price, and calculates the likely effects of large scale ODL on price of XRP, predicting that should ODL be widely adopted in cross border banking XRP will reach prices of hundreds of dollars per token. My investment is made in the expectation that large scale adoption will happen over the coming years. I would expect speculation will probably proceed adoption, and push the price up in anticipation of price rises in the pipeline. We will see! Edited February 26, 2020 by Julian_Williams LetHerRip and DariStar 2 Link to comment Share on other sites More sharing options...
Andy_79 Posted February 26, 2020 Share Posted February 26, 2020 Nothing is certain for now. Corona virus and everything`s down. Next economic crisis and also cryptos will dump. Will XRP succeed? Highly speculative and we shall see in a few years time. LetHerRip 1 Link to comment Share on other sites More sharing options...
JJJ2 Posted February 26, 2020 Share Posted February 26, 2020 4 hours ago, Julian_Williams said: Susan Athern's paper studies the effects of usage of XRP tokens against price, and calculates the likely effects of large scale ODL on price of XRP, predicting that should ODL be widely adopted in cross border banking XRP will reach prices of hundreds of dollars per token. My investment is made in the expectation that large scale adoption will happen over the coming years. I would expect speculation will probably proceed adoption, and push the price up in anticipation of price rises in the pipeline. We will see! Could you please provide the link to the paper? thanks! Link to comment Share on other sites More sharing options...
quan Posted February 26, 2020 Share Posted February 26, 2020 7 hours ago, bitcoinisking said: 7 hours ago, bitcoinisking said: No, because I ultimately don’t think that they have the same value that these assets have. I agree with him that bitcoin and xrp have different value. Xrp is the share of the financial infrastructure , bitcoin's value comes from the religious beliefs. XRPiggy 1 Link to comment Share on other sites More sharing options...
XRPiggy Posted February 26, 2020 Share Posted February 26, 2020 (edited) 7 minutes ago, quan said: I agree with him that bitcoin and xrp have different value. Xrp is the share of the financial infrastructure , bitcoin's value comes from the religious beliefs. 'Dear sweet, little baby Lord Satoshi, Thank you for providing us with the Bitcoin and the fiat I make from it. Amen.' Edited February 26, 2020 by XRPiggy Link to comment Share on other sites More sharing options...
DirectorCoulson Posted February 26, 2020 Share Posted February 26, 2020 The demand right now is at -10% Zerp_Legend 1 Link to comment Share on other sites More sharing options...
Scout Posted February 29, 2020 Share Posted February 29, 2020 (edited) On 2/26/2020 at 9:38 AM, DirectorCoulson said: The demand right now is at -10% Guys, there is hope! Ripple is paying people to use XRP. That has to drive demand eventually... https://u.today/ripples-partnership-with-moneygram-criticized-by-financial-times Edited February 29, 2020 by Scout DirectorCoulson and Sharkey 2 Link to comment Share on other sites More sharing options...
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