Why Morgan Creek is not investing in XRP: Mark Yusko's view

user avatar

by Giorgi Kostiuk

2 years ago

Mark Yusko, head of Morgan Creek Capital, recently shared his views on digital assets and explained why his fund does not invest in XRP.

Lack of investment in XRP

During a recent interview with Paul Barron Network, Mark Yusko stated that Morgan Creek Capital does not own any XRP tokens. The focus is primarily on investing in digital asset infrastructure, including Bitcoin and smaller amounts of Ethereum and Solana.

Decentralization issues

Yusko mentioned that there is no demand for tokens like XRP and Dogecoin among founding groups. He also pointed out the lack of proper decentralization in XRP compared to Bitcoin, which he considers a better solution.

Feedback on Ripple's involvement in crypto reserve

Ripple was recently criticized for allegedly lobbying against a strategic Bitcoin reserve. However, Ripple CEO Brad Garlinghouse said that the company's efforts are increasing the odds of a multi-token crypto reserve being created.

Morgan Creek's stance on XRP remains unchanged due to decentralization issues and lack of demand among investment groups. Bitcoin, meanwhile, is viewed as a more viable foundation.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Dormant Bitcoin Wallets Come to Life

chest

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

user avatarSatoshi Nakamura

SEC Proposes New Rules for Crypto Custody Regulations

chest

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

user avatarJesper Sørensen

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

chest

US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.

user avatarRajesh Kumar

ECB Executive Addresses Privacy Concerns of Digital Euro

chest

Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.

user avatarLucas Weissmann

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Gold Prices Surge to Three-Month High

chest

Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.