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🚨 Mark Yusko Unleashes Savage Truth on XRP: You Need to Replace SWIFT, LOL!
Dear XRPians, gather ’round and tremble before the mighty Mark Yusko, CEO of Morgan Creek Capital. During a recent interview with Paul Barron Network, he dropped a bombshell:
“The short answer is that our job…is to invest in digital asset infrastructure. We own a lot of Bitcoin, we own a tiny bit of Ethereum, we own a fair amount of Solana…we don’t own XRP.” 😐
But fear not, dear XRP enthusiasts! For Yusko explained that there was simply no demand for tokens like XRP and Dogecoin among the “founding groups.” 🤷♂️
“When we talked to funding groups, we haven’t met many founding groups that are working on those platforms. We don’t own Dogecoin, right?” 🙄
So, when would Morgan Creek Capital consider getting exposure to XRP? Well, it seems they would only consider it if XRP was about to replace SWIFT and become the darling of banking giants like Bank of America and JPMorgan. 💸
He quipped, “Is there a world where you could see enough…lobbying being done that that gets proposed?” 🤔
And if that wasn’t enough, Yusko also criticized XRP for not being “properly decentralized.” 🙄
“When we’re building our index fund, we’re looking for assets that are…properly decentralized,” he said. 🤦♂️
As if that wasn’t enough, he added that Bitcoin is a better solution as a base layer. 🤯
But wait, there’s more! According to U.Today, Yusko previously claimed that XRP and XLM were excluded from Morgan Creek’s cryptocurrency index fund due to a high level of centralization. 🚫
And if you thought that was the end of it, think again! During the recent interview, he again stated that Bitcoin as a base layer is a better solution. 🤪
Recently, Ripple was criticized for allegedly lobbying against a strategic Bitcoin reserve. 🤷♂️
So, dear XRPians, it seems you have a long way to go before Mark Yusko deigns to consider investing in your beloved token. Better start lobbying, folks! 📣
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2025-01-24 22:18