- In a recent interview, Ric Edelman considered Ripple (XRP) as the key player for the technological revolution
- Ric Edelman began in the industry since 2014
- According to Edelman, several altcoins might get obscured, as most of them are claptrap
Ric Edelman, an investment luminary and an independent financial advisor, stated that he is an advocate and investor of cryptocurrencies. Edelman is the founder of Edelman Financial Engines, which has more than $200 billion worth of assets under management. In a recent interview with Real Vision, Edelman mentioned that Ripple’s native token XRP could play a vital role in the revolution of cryptocurrencies.
Edelman considers XRP as a critical player for the crypto revolution
According to Edelman Ripple (XRP), a digital token could possibly play a critical role in the digital revolution. Edelman stated that being excited to get expanded towards Ethereum from Bitcoin is not something like Coca-cola and Pepsi, as both digital tokens are basically different aspects of the crypto revolution. Edelman also mentioned that key tokens like Ripple (XRP) are existing as they have the potentiality of solving the problems that the other digital tokens were facing. BTC is not just the end-solution for every financial problem.
Several altcoins can possibly get obscured
In the interview, Edelman also mentioned that he cautions for several altcoins as such are destined for obscurity. He stated that there is a reason behind the existence of such different tokens. Among all the present crypto coins in the world, most of them are claptrap, but some of them are there that make sense. Edelman also revealed that he doesn’t plan to enter mining cryptos because of the involved complexity. He emphasized that recognizing the inefficient element of buying such tokens themselves led him to not engage with mining, as it’s too time-consuming. On the other hand, he mentioned that he is too busy with his financial firm.
How Edelman began to grow his portfolio?
According to Edelman, back in 2014, he began with the digital assets as an experiment as an academic exercise. He wanted to create an account in Coinbase, to understand its doings. After which, Edelman wanted to purchase BTC to learn. For the short term, Edelman did it and began to continue his research. While researching, he communicated several in the cryptosphere, evolved, and realized that space is not just a Beanie Baby. Indeed it was since then the founder of Edelman Financial Engines had grown his portfolio.
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