Barry Silbert, founder, and CEO of Galaxy Digital Capital has finally responded why he doesn’t include XRP into his discussion while including other digital asset.
Super Bullish on Ripple
While discussing on how will crypto mining be employed by the US and other Govt on Twitter, Berry Silbert talked about few privacy-focused tokens. He states that ZEN, ZEC, and LPT might be used by Govt folks shortly. Further as a response to a user’s comment that asked “How come you never mention XRP but mention other assets instead?”, Mr.Silbert responded, saying, he is super bullish on the company, Ripple and it is a Grayscale’s one of the investments. He quickly adds that as for now, he is neutral on the token, XRP.
Ripple, the company, is our largest investment. XRP is not on our conviction list of holdings (yet). super bullish on the company, neutral on the token as of now
— Barry Silbert (@barrysilbert) July 16, 2019
Though, Barry Silbert confirmed his investment into Ripple, its quite clear that the directly or indirectly the amount is being used to enhance the reach of XRP integrated under its blockchain products. Concerning the similar regard, a Twitter user questioned;
“By investing in the company Ripple you also participate in the performance of #XRP since Ripple holds a lot of XRP. The company value is coupled to the digital asset as well since they have it on their books. Am I right to assume that this is part of your investment thesis?”
As a response to the user, Mr.Silbert quickly confirm, saying, “Of course”, while not detailing it to view further.
Nevertheless, Grayscale has been an investor of Ripple and Silbert’s bullishness on the company directly indicates that he is looking at the greater return that comes from the exceptional performance of Ripple via its token and various blockchain products.
As far as the cryptocurrency, XRP is concerned; it is ranking as the third-largest cryptocurrency with a positive mark of 0.72 percent over the past 24 hours. According to the data from the Coinmarketcap, XRP is currently trading at $0.32 against USD and a market cap $14,123,229,271.
Image Source- WSJ
As New Policy Goes into Effect Google is Running Crypto Ads Once Again
Australia’s Oldest Crypto Exchange Partners with Mastercard, in Offering Country’s First Crypto Payment Card
5+ Best Crypto Futures Trading Platforms | Bitcoin Derivatives
Ripple Files Petition Requesting Discover of Relevant Info from Binance’s Subsidiary
Analyst Predicts Big Bull Run as Tether Whales Move 374,000,000 in Crypto
Recent Press Release
How Blockchain Technology Will Shape the Future of Online Gambling?
Cryptocurrency uses blockchain technology, and this tech ensures the security and anonymity of financial transactions. Many industries have embraced blockchain,...
Cryptos like ETH/USD, BTC/USD dancing to the tune of tweets by Tesla CEO Musk in absence of any Crypto trading regulator:
In February of 2021, Elon Musk tweeted that he found the prospect of holding Bitcoin ‘adventurous’ for an S&P 500...
Earning By Mining, Is a Klondike Of The 21st Century. Mining-Tron.Com
Mining-Tron.com is a company that started its history in 2018 in the cryptocurrency mining market. According to the zephyrnet.com, in...
You May Not Have Known These Bitcoin Facts
However, even though Bitcoin is the most well-known cryptocurrency network globally, there are several aspects of it that you may...
DeFi Coin (DEFC): Live Trading on BitMart is Coming on July 19th!
Decentralized finance is playing an increasingly important role in the crypto world. It is all the less surprising that DeFi...