Mark Yusko, chief executive officer at Morgan Creek Capital Management, also believes that Shiba Inu (SHIB) must go to zero
, Yusko said that Morgan Creek’s cryptocurrency index fund didn’t include XRP because the cryptocurrency was “too closely held.” He referred to the fact that a large portion of the existing tokens is controlled by Ripple, a centralized company. This came just months before Ripple was sued by the U.S. Securities and Exchange Commission over unregistered sales of the XRP token.
That said, the Morgan Creek Bitwise Digital Asset index fund does have a 2.2% stake in ADA. In fact, the native cryptocurrency of the Cardano blockchain is its third-biggest holding . During the most recent interview, Yusko said that he likes Avalanche as well as Polkadot and Cosmos . “I think we could make really good cases about why they could be winners,” he said.
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