Because of the supply? This isn’t some over diluted stock....Novogratz statement proves that he has no idea what he’s talking about. Also, Ripple isn’t a stock so for him to use a stock as a reference in explaining Ripples escrow further shows that he doesn’t know what he is talking about let alone how the escrow works. To clarify Ripple is holding 50B XRP in escrow not 60B and if he understood how the escrow worked he would understand that Ripple can’t dump $10B worth of XRP and what ridiculous number to insinuate anyhow. Due diligence reveals just how ridiculous this statement is and proves why due diligence is so important. This statement of his isn’t going to age well.
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