I just never thought of it as a crypto, it’s not on a blockchain, there’s no scarcity, no hard cap – it may as well be fiat.
Then there was all the regulatory headwinds. I guess there still is, given the SEC may appeal the latest decision.
Finally, given that Ripple is overtly positioning themselves to be a base layer for CBDCs, I just want to keep my crypto investing to anti-CBDC instruments.
If we want to monetize the picks and shovels of the coming CBDC system I figure the best place to so it is via the banks and the exchanges.