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Morgan Creek Capital’s CEO, Mark Yusko, has clarified the firm’s stance on XRP, revealing that their investment strategy focuses primarily on digital asset infrastructure rather than the token itself. In a recent interview with Paul Barron Network, Yusko shared insights into Morgan Creek’s crypto portfolio and why XRP doesn’t fit their strategy.
Morgan Creek’s Focus on Infrastructure
Yusko explained that the firm’s portfolio heavily favors Bitcoin, along with moderate allocations to Ethereum and Solana, but has no holdings in XRP. He highlighted that Morgan Creek’s investment approach prioritizes ventures and founding teams working on the digital asset ecosystem. “When engaging with funding groups, we rarely come across projects building on XRP or Dogecoin platforms,” Yusko noted, emphasizing their focus on foundational infrastructure rather than speculative assets.
Conditions for Investing in XRP
According to Yusko, Morgan Creek would consider XRP only if major financial institutions adopt it for large-scale use cases. He mentioned that banks like JPMorgan and Bank of America integrating XRP as a replacement for the SWIFT system would prompt a reevaluation. However, he acknowledged the significant lobbying efforts required to make this transition possible.
Centralization Concerns with XRP
Yusko also criticized XRP’s lack of decentralization, stating that Bitcoin offers a more robust alternative. He reiterated Morgan Creek’s decision to exclude XRP and Stellar Lumens (XLM) from their crypto index fund due to concerns about centralization.
Ripple’s Bitcoin Reserve Speculations
Yusko’s remarks come amid speculation that Ripple is lobbying to create a strategic Bitcoin reserve. However, Ripple CEO Brad Garlinghouse has countered these claims, clarifying that the company’s goal is to promote the concept of a multi-token crypto reserve rather than focusing solely on Bitcoin.
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