6 reasons behind this financial expert on his property (XRP)

TL; D

• Finance expert Gary Cardone sold his XRP positions, citing the unimportant presentations/demand, suspicion of the ripple community, and other reasons.
• Despite his concerns, the potential approval of Spot XRP ETF in the United States and Ripple -sec continuous lawsuits can create a great rise to the price of the original.

“Do not follow the crowd”

The Ripple community includes millions of investors and is among the strongest in the encryption industry. However, one of them has recently decided to sell his XRP positions.

The person concerned is the finance expert Gary Cardone. he open To 76,000 his followers on X that he threw his XRP holding when the price of the asset was hovering at $ 2.71. The American also explained six reasons for his choice.

First, he said he did not understand the dynamics of the supply/request in the first place. To the notable, XRP contains a total of 100 billion coins, 57 % of which are currently circulating. Ripple Labs has a large amount of symbols and releases a billion icons each month through its warranty system.

Second, Cardone claimed that others were unable to explain these dynamics in a very understandable way “and they were unable to draw it on the blackboard.

Third, it is believed that people must Stay away from An environmental system is full of people who “know the price of everything, but the value of nothing.” It should be noted that the Ripple community is already full of members who MacE predictions of ridiculous prices are not based on technical analysis or any Kind of Comprehensive research.

RapThe financing expert warned of investors not to confuse the short term with the investment/long -term goal/goal.

The fifth reason explains to him that “a real wealth made Through the stakes and very unified investments Made For a long time Time periods“Finally, he argued that people should never follow”. ”

Yes, however…

Unlike Cordone, There are some factors that suggest The exit from the ecosystem may not now be more step.

First, we have a group of well -known companies, such as Grayscale, BitWise and 21shares, which compete to launch the first XRP ETF site in the United States. The investment vehicle (if approved) will allow investors to expose the asset without the need to buy it from stock exchanges and anxiety about the self -body.

The United States of America has already recognized these requests. Moreover, recently to publish Presentation of Grayscale to the federal registry, which means that he must give his final opinion on the product by October 18.

Next in the list is the potential decision of the case between Ripple and US SEC. The entities were facing The legal front for more than four years, but some of the victories and developments of the partial court apparently raises standards for the company.

It is important to note that the Chairman of the Cyrypto SEC, Gary Gensler, resigned a month ago and behind him, Mark Uyeda, who has a completely different position on the digital asset industry.

Earlier today (February 21), CEO of Coinbase Brian Armstrong Declare That his company Reach an agreement With the securities organizer to reject their case. The XRP army celebrated news, Argument that the next The case may be dropped against Ripple.