CEO of Morgan Creek Capital Management Mark YuskoIn an interview with YouTube channel Altcoin Daily, he said that popular cryptocurrencies Cardano (ADA) and XRP are similar. The famous CEO explained the reason for this with the following words:
“He (Cardano) reminds me of XRP. People love it. But developers and users don’t seem to like it. That’s the part I don’t really understand.”
Yusko is also launching ADA with XRP. Dogecoin (DOGE) with Shiba Inu (SHIB) He said he wouldn’t go so far as to compare it to meme coins like The investor claims that popular meme coins “must go to zero”.
Koinfinans.com As we reported, Yusko stated in a past statement that Morgan Creek’s cryptocurrency index fund does not contain XRP because the cryptocurrency is “held too tight.” The famous CEO mentioned that most of the tokens available at that time were controlled by a central company, Ripple. This was months before Ripple was sued by the US SEC for an unregistered sale of XRP tokens. However, the Morgan Creek Bitwise Digital Asset index fund has a 2.2% stake in ADA. Moreover, the native cryptocurrency of the Cardano network is the third largest investment (behind Bitcoin and Ethereum).
In this interview, Yusko said, Avalanche (AVAX), Polkadot (DOT) and cosmosu (ATOMHe also said he loved it. “I think we can make really good defenses as to why they can win,” he said.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.