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

by Giorgi Kostiuk

a year 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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

SEC Proposes Significant Change to Rule 15c211, Excluding Crypto Assets

The SEC proposed an amendment to Rule 15c211, limiting its application to equity securities and excluding crypto assets.

Gustavo Mendoza2 hours ago

AIntuition Collection Set to Transform NFT Landscape with Real-World Benefits

The AIntuition Collection is set to launch, offering 15,000 NFTs that provide real-world utility and exclusive services.

Rajesh Kumar5 hours ago

Shiba Inu Shorts Liquidated in Dynamic Squeeze

Shiba Inu has experienced a significant rally, resulting in the liquidation of shorts worth $50,000 in just 24 hours.

Miguel Rodriguez6 hours ago

Generation Z Faces Severe Challenges in Home Affordability

Generation Z is facing severe challenges in affording housing, with many resorting to significant sacrifices. Reports indicate that potential homebuyers may need to earn $111,000 a year to afford a typical home in the US, which is $25,000 more than the median household income. To cope with these high costs, Gen Z is making drastic lifestyle changes, including selling their belongings, moving back in with their parents, and taking on side hustles.