Millionaire Gary Cardone Sold All His XRP
Date: 2025-02-24 Author: Henry Casey Categories: CRYPTO PAYMENTS
According to the businessman, the decision to sell was dictated by his professional intuition. Although he did not directly criticize Ripple, he shared with his subscribers his investment principles that led him to such a step.
Cardone emphasized that the main strategy for successful investing is to avoid assets that do not have transparency in the distribution of supply and demand. He believes that any cryptocurrency projects, even the most technologically complex ones, should be explained in plain language. If investors cannot understand the essence of the asset, this is an alarming signal.
In addition, he warned against trusting speculators who focus exclusively on short-term price fluctuations of digital assets, ignoring their fundamental value. According to Cardone, this approach carries significant risks.
The millionaire also noted that success in investing lies in long-term planning. He advises not to be influenced by daily price fluctuations, not to spread funds across too many digital assets, and not to blindly follow market trends based on rumors and unfounded forecasts.
Earlier, Fox Business journalist Charles Gasparino criticized the court's decision on the status of the XRP cryptocurrency, calling it "an unfounded overreach."
