As some time ago, many of you had visited one of our articles about one of the last videos of the channel Coin Bureau, we are doing it again today because we know how much it makes you happy. And so we decided to share with you today this latest content that might spark your interest.
You're starting to get used to it, each time a new video is released on the Coin Bureau Youtube channel, we try to offer it to you as soon as possible on our website. We invite you to discover without further delay the video No, XRP WON'T Make You RICH! Here's Why ๐ by going on the player right here!
We could find in the next hours this content in the trend tool of Youtube because of the start that it makes! Since the Youtube channel Coin Bureau posted it, many people are talking about it on the networks. Let's wait for a few hours before we know how successful this video is.
Do you have a question to share with the author of this video? Or maybe you just have a message to share. To get the email address of an influencer who makes videos on the internet, go to the "About" section of his Youtube channel. If despite your efforts, you don't get a response, try to reach him/her on another medium. Twitter is very convenient to contact youtubers easily.
Normally, if you are still reading this article, it means that the video No, XRP WON'T Make You RICH! Here's Why ๐ must have pleased you and that we did not make a mistake in encouraging you to watch it. Find now other similar videos on our platform, we trust you to find other nuggets. If and only if you have already visited our site, then go to Youtube to see other exclusive contents of Coin Bureau.
Friends, this is already the end of this little editorial, see you soon for a new article on Croblanc!
For your information, you can find below the description of the video No, XRP WON'T Make You RICH! Here's Why ๐ published by the Youtube channel Coin Bureau:
๐ฅ TOP Crypto TIPS In My Newsletter ๐ https://guy.coinbureau.com/signup/
๐ฒ Insider Info in my Socials ๐ https://guy.coinbureau.com/socials/
๐บ Ripple vs. Stellar ๐ https://www.youtube.com/watch?v=2rMdslQlPXw
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- TIMESTAMPS -
0:00 Intro
1:35 XRP is Not Ripple
3:10 XRP Tokenomics
4:40 Retail Investor Demand
7:08 Institutional Investor Demand
10:20 Fintech Utility Demand
12:10 Ripple Sales
14:05 Founder Sales
16:08 Is it a Security?
17:12 Conclusion
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
๐ฐ Sources ๐ฐ
โบ Grayscale Investments XRP: https://grayscale.co/xrp-trust/
โบ Morgan Creek: https://cointelegraph.com/news/xrp-stellar-too-closely-held-to-offer-fund-investors-mark-yusko
โบ Brad Garlinghouse Interview: https://on.ft.com/2VXnwSm
โบ Jed Agreement on Forum: https://bit.ly/3dcdtyN
โบ Lawsuit Reading: https://www.bloomberg.com/news/articles/2020-02-26/ripple-must-face-lawsuit-alleging-illegal-xrp-sales
โบ Lawsuit Weakening: https://www.coindesk.com/amended-lawsuit-against-ripple-now-offers-theory-that-xrp-may-not-be-a-security
โบ eToro Report: https://www.etoro.com/en-us/crypto/quarterly-report/
โบ Ripple Q4 Report: https://ripple.com/insights/q4-2019-xrp-markets-report/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
๐ XRP is not Ripple ๐
XRP is an open source cryptocurrency that runs on the XRP ledger. Anyone can build on the XRP ledger and anyone can spin up an XRP node.
Ripple, on the other hand, is a for-profit Fintech company that is building enterprise level tech for financial institutions. Ripple was involved in the development of the XRP ledger
๐ Retail Investor Demand ๐
This was a large component of the 2017 Bull run that helped push the price above $3.5. There was fervent demand from a number of different angles that was not based in reality.
This has dwindled recently. In the first quarter of 2020, the research found that the number of Twitter users discussing the cryptocurrency has fallen by 16%.
Some high-profile members who either had popular Twitter profiles or who published regular blogs have thrown in the towel.
๐ Institutional Investor Demand ๐
There does not appear to be that many investors that want to hold XRP in their porftolios. This is in contrary to the number of other altcoins that they hold including the likes of Ethereum and Ethereum classic.
This can all be seen from the stats that are available at Grayscale investments. Their Bitcoin, Ethereum & Etheruem classic funds have grown considerably over the past year. However, their XRP fund remains stagnant.
There are also a number of institutional investors who claim that Bitcoin is too centralized for their liking.
๐ Fintech Utility Demand ๐
Ripple has signed a number of companies that are using Ripplenet. They will then need XRP in order to order to use the network and settle transactions. There have been a number of high profile companies that have joined including Santander, American express etc.
Ripple is also signing a number of other ones which is good for the adoption of XRP amoung these institutions.
๐ Ripple Inc Sales ๐
Ripple holds alot of XRP in escrow which will be released to Ripple on a schedule. Once this has been released Ripple can then decide what they would like to do with this. Most of the time they are selling these on the open market to their clients.
In 2019, Ripple sold over $500m XRP to their clients. The CEO of Ripple has also stated that XRP sales are one of the few reasons that the firm remains profitable. This means that they are more incentivised to do is especially as they are focused on an IPO.
๐ Founder Sales ๐
Jed Mc Caleb is one of the founders of Ripple who was "gifted" 9.5 billion XRP. Back in 2013 he left Ripple and went on to found Stellar.
According to a recent study by Whale Alert, they were able to track at least 1 billion XRP sales between that time and February of this year.
๐ Lawsuit ๐
There are questions as to whether XRP is a security and hence the subject of SEC laws on security issuance. There is a class action lawsuit that is moving its way through the courts that is alleging that Ripple sold XRP as an unregistered security.
This has not been settled yet although the court case itself appears to be losing steam as the plaintiffs realize that XRP may not be a security.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
๐ Disclaimer ๐
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#XRP #Ripple #crypto #bitcoin #blockchain #Review #fintech #cryptocurrency #stellar #XLM