At one Point in the 1989 Japanese real estate bubble, the Imperial Palace in Japan was said to be worth more than the entire state of California,, things that don't make sense don't last....be careful out there
— Michael Novogratz (@novogratz) January 4, 2018
I don't think what's happening with Ripple is as coordinated as this article suggests. However, I do think that Ripple's valuation is insane. And I think that when it crashes, it will likely spark an overall collapse in the cryptocurrency market. Which will in turn likely be followed by a push to impose regulations on the industry.
https://www.zerohedge.com/news/2018-01-04/anatomy-crypto-nightmare-ripple-ceo-now-richer-zuckerberg
— Michael Novogratz (@novogratz) January 4, 2018
I don't think what's happening with Ripple is as coordinated as this article suggests. However, I do think that Ripple's valuation is insane. And I think that when it crashes, it will likely spark an overall collapse in the cryptocurrency market. Which will in turn likely be followed by a push to impose regulations on the industry.
https://www.zerohedge.com/news/2018-01-04/anatomy-crypto-nightmare-ripple-ceo-now-richer-zuckerberg