In this video, I discuss more bad news for Ripple the company and for XRP the cryptocurrency.
Early investors are trying to sell shares of Ripple at a $6 billion valuation, which is well below where Ripple raised money in December 2019 at a $10 billion valuation. This is also a steep discount to the value of Ripple’s XRP holdings, which are currently at least $14 billion. Insider selling at a deep discount provides an interesting window into what sophisticated investors believe Ripple XRP’s future to be.
In addition, as the price of XRP has risen, it looks like Jed McCaleb (a co-founder) has increased the size of his daily XRP sales.
Retail investors who buy XRP are the bag-holders. As Warren Buffett is fond of saying, “If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy.”
Bitcoin is the next Bitcoin.
Not investment advice! Consult a financial adviser.
Ripple XRP vs Bitcoin:
Ripple (the corporation):
Ripple XRP the cryptocurrency:
Ripple raises money at $10 billion valuation:
Early investors trying to exit:
Ripple executive leaves:
Santander not using XRP:
Watch Jed McCaleb dump his XRP:
Bitcoin for Beginners (2020):
Matthew Kratter is the author of the Amazon best-seller “A Beginner’s Guide to the Stock Market”:
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