During a recent interview with Paul Barron’s Network, Morgan Creek Capital’s Mark Yusko spoke He said The hedge fund does not actually own any XRP tokens.
“The short answer is that our mission… is to invest in digital asset infrastructure. We own a lot of Bitcoin, we own a small portion of Ethereum, we own a fair amount of Solana… and we don’t own XRP,” he said. .
Yusko explained that there is no demand for tokens like XRP and Dogecoin among established groups.
“When we talked to funding groups, we didn’t meet many of the founding groups working on those platforms. We don’t own Dogecoin, do we?” He said.
Morgan Creek Capital would only consider exposure to XRP if XRP were to actually replace SWIFT White which has also been adopted by banking giants like Bank of America and JPMorgan.
He noted that “the people in XRP” want the banking system to use it as a base layer. “Is there a world where you can see enough pressure being put on it for this to be suggested,” he asked.
Yusko also criticized XRP for not being “properly decentralized,” adding that Bitcoin is the better solution.
like Reported by U. TodayYusko claimed that XRP and XLM were excluded from Morgan Creek’s cryptocurrency index fund due to their high level of centralization.
During a recent interview, he added that using Bitcoin as a backbone is the best solution.
Recently, Ripple has come under fire for alleged pressure against the Bitcoin Strategic Reserve. However, CEO Brad Garlinghouse said the company’s efforts raise the odds of creating a multi-token cryptocurrency reserve.
