Finance expert Gary Cardone revealed his reasons for selling his XRP holdings, including an inability to understand market supply/demand dynamics.
Expert's Decision
Finance expert Gary Cardone announced to his followers that he sold his XRP holdings when the price was $2.71 per token. He cited six reasons, including a lack of understanding of supply/demand dynamics, skepticism about the Ripple community, and a preference for long-term investments.
Counterarguments: XRP's Potential Perspectives
Despite Cardone's concerns, the potential approval of the first spot XRP ETF in the US could positively impact the asset's value. The market awaits SEC approval.
Ripple's Legal Status
The legal battle between Ripple and the SEC has been ongoing for over four years. Recent changes in SEC leadership and agreements with major crypto companies might influence the case's outcome.
Although Gary Cardone decided to exit XRP, potential ETF approval and positive legal developments could change the asset's future outlook.
