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Ripple’s XRP Investing Should be Well Thought: Analysts Advises

CEO of Elpis Investments – Anatoly Castella, for Express.co.uk has warned investors to miss out on XRP as it is not a digital currency and should not be labelled as a real crypto – according to the CEO.

XRP in the Market

During the last bull-run, with BTC/USD making it about the $7,500 important mark, XRP followed as most altcoins and reversed to $0.50. But, if Mr. Castella’s predictions turn true, things could look very bleak for the speedy token.

Last week, rival bitcoin recruited another billionaire believer from the world of mainstream finance after it was revealed that investor Steven Cohen has placed money into a hedge fund focusing on cryptocurrencies and blockchain-based companies

Autonomous Partners – a hedge fund that is purchasing cryptos and equity in firms that are blockchain-connected. But, XRP is one that AP is deviating from. Which is why many believe that the token will be taken care of differently when regulations come.

“If the SEC categorises ripple as a security, we will experience in the short term a big dip in its market value. In the long term it will simply become a digital asset owned by institutional investors. – Anatoly Castella.

In the event that SEC decides to name the tokens securities then they will undergo different laws than other crypto-tokens.

““I have a lot of concerns about the level of centralization there, and I have regulatory concerns if what they have issued is a security.” – Arianna Simpson, Autonomous Partners.

Castella continues with supporting the idea that XRP delivers different characteristics than real cryptocurrencies.

“It should be considered ‘Digital Fiat’, not a cryptocurrency.”

According to Mr. Castella, for cases like XRP [by his “Digital Fiat” believes] the commission should put on the table the idea of creating different regulatory framework for Digital Fiat, so it does not hurt pure cryptos.

“This will ensure that ‘real’ cryptocurrencies like bitcoin will not be damaged and misunderstood by these start-ups adopting the wrong regulatory approach from the outset.”

He said: “Ripple cannot be compared to BTC or ETH. When bitcoin was originally created, it was designed to be a store of value. When you created a transaction, you were sending a store of value to another account – for payment for goods and services.

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Ripple’s XRP Investing Should be Well Thought: Analysts Advises

CEO of Elpis Investments – Anatoly Castella, for Express.co.uk has warned investors to miss out on XRP as it is not a digital currency and should not be labelled as a real crypto – according to the CEO.

XRP in the Market

During the last bull-run, with BTC/USD making it about the $7,500 important mark, XRP followed as most altcoins and reversed to $0.50. But, if Mr. Castella’s predictions turn true, things could look very bleak for the speedy token.

Last week, rival bitcoin recruited another billionaire believer from the world of mainstream finance after it was revealed that investor Steven Cohen has placed money into a hedge fund focusing on cryptocurrencies and blockchain-based companies

Autonomous Partners – a hedge fund that is purchasing cryptos and equity in firms that are blockchain-connected. But, XRP is one that AP is deviating from. Which is why many believe that the token will be taken care of differently when regulations come.

“If the SEC categorises ripple as a security, we will experience in the short term a big dip in its market value. In the long term it will simply become a digital asset owned by institutional investors. – Anatoly Castella.

In the event that SEC decides to name the tokens securities then they will undergo different laws than other crypto-tokens.

““I have a lot of concerns about the level of centralization there, and I have regulatory concerns if what they have issued is a security.” – Arianna Simpson, Autonomous Partners.

Castella continues with supporting the idea that XRP delivers different characteristics than real cryptocurrencies.

“It should be considered ‘Digital Fiat’, not a cryptocurrency.”

According to Mr. Castella, for cases like XRP [by his “Digital Fiat” believes] the commission should put on the table the idea of creating different regulatory framework for Digital Fiat, so it does not hurt pure cryptos.

“This will ensure that ‘real’ cryptocurrencies like bitcoin will not be damaged and misunderstood by these start-ups adopting the wrong regulatory approach from the outset.”

He said: “Ripple cannot be compared to BTC or ETH. When bitcoin was originally created, it was designed to be a store of value. When you created a transaction, you were sending a store of value to another account – for payment for goods and services.

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Bitcoin Hits $14,000 Record High and Slams Down Critiques

The $1,000 milestone being added every day now was once just a dream to come true for Bitcoin’s price against the US Dollar.

Based on the data from CoinMarketCap, the average at which BTC is being traded is above $14,300 per time of the press marking down and setting foot on new territory.

bitcoin forecast

From that – the #1 is ending the day with a 20% increasing in the last 24-hours and a market capitalization flying above $240 billion,and ordinarily, it would be sufficient to command headlines in both trade and mainstream financial publications alike.

bitcoin’s surge accomplished another significant feat: cryptocurrencies are now worth more than investment banking giant — and frequent bitcoin critic — JPMorgan Chase.

With its today surge of $40 million, the complete cryptocurrency market value is close to $400 billion being $30 billion more than JPMorgan [which now is at $367 billion].

bitcoin prediction

This triumph is particularly sweet for long-term bitcoin investors, who have been the subject of derision from JPMorgan CEO Jamie Dimon for years. Although many JPMorgan analysts have begun to warm to cryptocurrency — one strategist recently called them an “emerging asset class” — Dimon has been steadfast in his dismissal of bitcoin. He has been silent in recent weeks, perhaps due to bitcoin’s mammoth ascent, but he is on record lambasting bitcoin as a “fraud” that is “worth nothing” and is only attractive to “stupid” investors.

However, perhaps now it is the best time to move on as the crypto-market did, recovered from any significant crash it experienced from critiques in the past and reached even higher heights.