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Arrington XRP Capital Owns More BTC Than Ripple

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During a new interview with CNBC Crypto Trader’s Ran Neu-Ner, Michael Arrington of Arrington XRP Superior revealed that his fund owns more BTC than XRP, and discussed the comrades’s decision to denominate in XRP.

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Arrington XRP Capital’s Exposure to XRP is “3 – 4%”

Arrington XRP Capital Owns More Bitcoin Core Than RippleIn an interview with CNBC Crypto Salesperson during their coverage of Korea Blockchain Week, Mr. Arrington discussed some of the cryptocurrencies that his bread is invested in. Despite denominating the fund in XRP, Mr. Arrington indicated that the piece of the fund currently invested in XRP is “3 – 4 percent,” adding “we hold a few million dollars quality of XRP.”

When asked of the company’s ‘cash position’, Mr. Arrington stated: “We grip a lot of [BTC] – we hold more [BTC] than anything else, we hold a lot of Ether, we confine a lot of U.S. dollars, occasionally we hold Tether overnight,” adding “I don’t know which one[s] are the ‘sell positions’ – they’re all either currencies or have different utilities, so I don’t comprehend how to answer that question.”

Arrington Discusses Denomination in XRP

Arrington XRP Capital Owns More BTC Than RippleWhen sought of the motivations behind launching a fund denominated in XRP, Mr. Arrington stated: “XRP […] is a honestly, really good way to move money. So we denominate our fund in XRP because it’s a exotic way to move money cross-border, very quickly, at almost zero set someone back.”

Addressing the stigma associated with Ripple by many in the cryptocurrency community, Mr. Arrington asserted: “There is a lot of tribalism in cryptocurrency, and a lot of bitcoin maximalists, etc., and the one thing they all see eye to eye suit on, is they all hate XRP because its centralized, they think its corporate take care ofed, etc.,” adding, “none of that is really true.”

Mr. Arrington concluded: “while the other diverse decentralized cryptocurrencies […] find their way toward becoming innumerable efficient, in the meantime, XRP is fantastic – and so from a hedge fund point of observe, it’s great to denominate ourselves in XRP.”

Arrington Predicts $25,000 BTC by 2019

Arrington XRP Capital Owns More BTC Than RippleRegarding whether denominating the savings in XRP makes the its vulnerable to fluctuations in the price of Ripple’s token, Mr. Arrington submitted: “The key thing is the underlying asset, […] only a small percentage of our wealth holds XRP, we’re vastly diversified. Those underlying assets, whatever their value is, that’s what remarkably matters at the end of the day.”

When asked of his outlook for the bitcoin and cryptocurrency markets, Mr. Arrington stated: “My unbroken life has been cryptocurrency – we’re all bullish on it,” adding “I’m always an optimist, […] I weigh that we’re going to hit $25,000 USD this year easy.”

Are you surprised that Arrington XRP Top-hole holds more BTC than XRP? Share your response in the comments section below!


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