Crypto’s True Purpose: Beyond Prices, Says Valor Capital Advisor
- XRP’s price struggles, but focus is on revolutionizing finance, not replacing USD.
- Cryptocurrencies aim to transform value transmission, not supplant fiat.
- XRP remains significantly below its ATH despite a partial SEC lawsuit win.
Despite XRP’s sluggish price performance, Valor Capital Group advisor Brian Brooks argues that the cryptocurrency’s value lies in its potential to revolutionize the financial system, not in replacing the U.S. dollar.
According to Brooks, cryptocurrencies are not “really about currencies,” and investors often misinterpret their purpose. He compared the prices of digital assets to those of internet stocks, likening them to companies like Google.
Brooks emphasized that the crypto industry is largely focused on “replacing the centralized banking system with networks that allow user control versus bank CEO control,” adding:
“The crypto assets tha…
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