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I just saw that Gary Cardone liquidated his entire position in XRP when it was at $2.71. The guy left with a big statement on X explaining his 40 years of experience and six personal investment rules. Basically, he says he doesn't trust assets with strange supply-demand dynamics and prefers to be able to explain an investment on a whiteboard. I understand the logic, but the XRP community is furious.
The interesting part is the debate he sparked. Some question why Gary Cardone bought XRP in the first place if he supposedly follows his own rules. Others defend XRP, saying it’s much more decentralized than people think (only 2% of validators are from Ripple). But then Jason Calacanis comes in with a harsher analysis, calling it "centrally controlled value" and warning that an XRP ETF would be chaotic for the markets.
The drama is that Gary Cardone basically said he expects everyone to get rich with XRP but doesn’t believe it. That broke the hearts of many holders. Now everyone is debating whether XRP is truly decentralized or if it’s a controlled asset. The current price is quite far from those $2.71 he mentioned. What do you all think about this?