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 LetHerRip, Julian_Williams, GrumpyDon and 1 other 3 1 Link to comment Share on other sites More sharing options...
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