Jp morgans cry.ptocurrency threat to xrp morgan bitcoin volatility

Jp morgans cry.ptocurrency threat to xrp morgan bitcoin volatility
Hello! As someone who wor.ks at Ripple… First of all, just want to clear up some miscoeptions that Ripple is the private company using blockchain technology XRP Ledger to make cross border payments cheaper, faster, and more secure, and XRP is the digital asset that runs natively on the XRP Ledger. Now thats cleared up, to answer your qution… Its true that blockchain technology is something innovative and asymmetric in risk/reward profile, but I believe we should step back and look at the macro view instead of thinking as short term as 2020. Lets take a quick look at the 3 booms 1. Dot Com Boom 2. Cryo Boom 3. Venture Capital Private Equity Boom Using Facebook as a proxy The co.nnective tissue here is the unknown element as asymmetric hedge fund invtor Chris MacIntosh puts it. Heres more of his take on the subject… When the dot com boom was just gearing up for its wild party, there were some outrageous stories that began to get told. This was while the champagne was still being sipped and partygoers were just getting tipsy. It took a few of those stories being believed no matter how outrageous before the partygoers now joined by many more said, Well, look over here, where company X just raised at Y valuation, then surely this can be justified elsewhere. And so in the end, everyone drank so much they couldnt remember their names. The cryo boom was not unlike the dot com boom. A new technology where nobody had seen it before, and so how big could it be? Nobody knew. And since this one is still fresh, the fact is we still dont know, though I believe itll not be dissimilar to the internet, but thats going to take time. Moving onto venture capital and Silico.n Valley tech in particular, youre really dealing with massive unknowns. New technologies, new untted management teams and founders, and an entire industry now built to facilitate it all. In every business we can argue over whether or not 30pc margins are realistic or if they should be 25pc. And we can argue over whether a company can grow at current annualised CAGR of 10pc or is it likely to be closer to 8pc. Analysts will argue until theyre blue in the face over such things but at the end of the day these variables change the end result but not by all that much. And importantly, theyre pretty boring for most people. What really changes the end result and valuation is the unknown. New technologies lend themselves particularly well to this. How the hell could an analyst in the late 80s or early 90s have figured out what e commerce would look like in the future? He couldnt. How big could the market be? He didnt know. How fantastic could it all be and what about that early mover startup with the CEO who wears a hoodie? Suck your thumb and try sound intelligent. That unknown element lends itself particularly well to bullshitting. ————————————————————————————————————— So back to XRP… Even as a Ripple employee, I can tell you… I dont know. Scouts honor. Instead of predicting what will happen in 2020, look at the fundamentals, and add or take exposure from the table accordingly. Everything in the cryo space is still speculation, and people who are looking so short term 2020 are simply gambling for a quick buck. You may make a lot of mon. ey one time through this, but over decades worth of time, you will never make co.nsistent gains with this kind of process. In regards to where Ripples headed… Where Ripple is headed is towards a direction much larger than just increasing the price of XRP. We are in the process of enabling what we call the Internet of Value, which is for value to be exchanged as quickly as information does today. As we onboard more financial institutions onto our networ.k, we will—hopefully—bring more volume to the XRP ecosystem, which if you know standard ecomics, any market with more volume should drive the price of that particular asset up. At the end of the day, the cryocurrencies with actual use cases should be the ones that will win out through the tt of time. Although, it will take time 10–20 years time. Speaking solely of cryo… This is what I would do Buy 5 cryo assets youre bullish on after youve done some due diligence, of course, position size wisely, then invt with equal capital allocation and just watch them run over the next 20 years. Cryocurrency is here to stay, but which ones nobody really knows There are hontly other invtments with better risk/reward fundamentals at this time uranium, anyone?, since the cryo market is still so nascent. If youre interted in invtments with asymmetric risk/reward profiles, feel free to check out Chris MacIntoshs wor.k here. Chris allocates his capital well before the market does. He did it in… New Zealand real tate for a 64x return over 5 years, cashing out in mid 2006 just before Lehman Brothers reminded the world how danger