If Ripple Is Successful, That Doesn’t Mean XRP Has to Be Too: Anthony Pompliano

Wed, 07/01/2020 - 11:44
Yuri Molchan
Anthony Pompliano and TechCrunch founder Michael Arrington spoke about Bitcoin and XRP, comparing their slightly different views on the coin
Cover image via www.youtube.com

In a recent podcast, venture investor and vocal Bitcoin advocate Anthony Pompliano spoke with the TechCrunch and Arrington XRP Capital founder, Michael Arrington, about Bitcoin and XRP.

During the talk, Mr. Arrington shared his love for XRP and that he has collaborated with Ripple’s Brad Garlinghouse in the past.

However, Pomp’s attitude towards XRP did not quite reflect that of Arrington’s.

Image via Twitter

Ripple CEO helped Arrington set up his XRP hedge fund

During their conversation, Mr. Arrington shared a story of how he got involved with the crypto industry after earning substantial returns on a couple of ICO investments back in 2017, which he was introduced to by his girlfriend.

The TechCrunch founder later discovered Ripple to be the best crypto company of the time and arranged to meet with Brad Garlinghouse as he was seeking help in setting up his own crypto hedge fund.

Mr. Arrington said that, for tax reasons, Ripple did not invest in his fund directly but the CEO provided a great deal of assistance in helping Arrington XRP Capital become visible on the market.

On XRP and Bitcoin

The entrepreneur also shared his general attitude towards crypto, Bitcoin and XRP, in particular. He loves XRP and believes that ‘Bitcoin is money and money is Bitcoin’.

He did admit though that US regulators, such as the SEC, should get out of its way to allow it to develop as the Internet did in the 90s and allow it to produce great future results.

Mr. Arrington shared his take on China or Singapore likely grabbing the leading position in DLT and crypto in the future, while it should be the USA, as it was with the Internet.

Xpring's Daniel Aranda Parting Ways with Ripple to Focus on New Opportunities

Pomp respects Ripple but he does not bet on XRP

When Michael Arrington asked Pomp to share his take on XRP, the podcast host admitted that he wished he had invested in Ripple earlier to earn a nice profit.

As for XRP, Pomp stated that he sees the coin as a part of the overall Ripple product (which is a software to improve bank operations, as he put it). What he does not understand is why people buy XRP in hopes of its price rising in the future.

If Ripple is successful, that does not necessarily mean that XRP has to be successful, Pomp said.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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