Anthony Pompliano, co-founder of Morgan Creek Digital and bitcoin bull, believes that Ripple’s success won’t necessarily add to the value of XRP.
In a new episode of The Pomp Podcast, Pompliano explains why he’s a fan of Ripple as a payment company but isn’t that interested in the crypto asset XRP.
“I think that XRP as part of the Ripple product, that is, they use it inside the product, I understand why they do that. I see the benefits in the Ripple ecosystem. What I don’t understand, and I think where I don’t want to get involved on the XRP side, is that I don’t understand why people are buying it and speculating on future price movements.
If Ripple is successful, that doesn’t mean to me that XRP has to be successful …
If you separate XRP and Ripple, Ripple as a software company looking to build better software for banks, [it is a] No-brainer, makes sense, venture capital bet. I’m jealous that I didn’t invest in Ripple in the seed round. “
Pompliano remains one of the biggest bitcoin bulls in the crypto industry.
“Bitcoin is the most binary thing you can find. It will either be worth millions of dollars per coin or it will be basically worthless. “
The Morgan Creek Digital manager says he believes Bitcoin is the only technology in the world that has an addressable market for almost everyone in the world. He also anticipates a big change as people begin to understand the true potential of BTC as a store of value.
“You, me and everyone else underestimate how big” [Bitcoin] can get …
[Murad Mamhmudov] argued that Bitcoin’s market capitalization is not only comparable to the global money supply of $ 90 trillion. He thought it was $ 150 trillion, and how he got there, a lot of the assets you and I own were we own because we didn’t want to hold cash because of inflation.
Just like Uber was a market-expanding technology and not just against taxis. It ended up with some people not owning cars. The same here. Maybe I don’t put my assets into investments. I can write that in ‘currency’ because it’s a deflationary currency. “
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