Mark Yusko, the founder and CEO of Morgan Creek Capital, recently shared the conditions under which his hedge fund would consider investing in XRP. In an interview with the Paul Barron Network, Yusko revealed that Morgan Creek Capital does not own any XRP tokens, citing a lack of demand for the asset from their partners. XRP and Institutional Demand He explained that Morgan Creek Capital’s investment strategy focuses on digital asset infrastructure, emphasizing projects with significant adoption and utility. While the firm holds a substantial amount of Bitcoin and a smaller portion of Ethereum and Solana, XRP has not been included in its portfolio. According to Yusko, this is due to minimal interest in the token among key funding and development groups. He also mentioned that other tokens, such as Dogecoin, fall into the same category of low demand and limited adoption. He stressed that his company prioritizes platforms with active development and use cases, stating that XRP has not shown enough traction among the groups they engage with to warrant an investment. Despite its current exclusion, Yusko outlined the circumstances under which the asset could be added to Morgan Creek Capital’s portfolio. He stated that the firm would only consider investing in the token if it gains significant adoption within the banking sector, particularly as a replacement for the SWIFT payment system. This adoption would include endorsements or usage by major financial institutions such as JPMorgan and Bank of America . Yusko acknowledged that Ripple has marketed its native token as a solution for the financial industry. Nevertheless, he questioned whether sufficient lobbying or adoption efforts could make this vision a reality. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Concerns About Centralization One of Yusko’s main criticisms of this asset is its perceived lack of decentralization. He emphasized that Bitcoin remains a superior alternative due to its decentralized architecture and well-established network. XRP’s centralization issues were a key reason why XRP and Stellar (XLM) were excluded from Morgan Creek’s cryptocurrency index fund. Yusko also expressed skepticism about Ripple’s lobbying efforts to promote XRP as part of a multi-asset crypto reserve . He argued that such initiatives could undermine Bitcoin’s position as the most reliable foundation for digital asset reserves. Ripple’s Response to Criticism As reported by Times Tabloid, Ripple has been criticized for its alleged lobbying against a Bitcoin-focused reserve. CEO Brad Garlinghouse, however, has defended Ripple’s actions, stating that their efforts aim to increase the likelihood of a diverse cryptocurrency reserve that includes multiple tokens. Garlinghouse has positioned Ripple’s strategy as aligned with broader industry goals, emphasizing the importance of fostering innovation across different digital assets. While Yusko has outlined a clear path for reconsidering the token, his stance reflects broader concerns within the cryptocurrency industry about the asset’s centralization and its ability to compete with Bitcoin. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Morgan Creek Capital CEO Reveals Why They’ve Not Listed XRP appeared first on Times Tabloid .
