txtravwill
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile Personal Message (Offline)

Ignore
January 04, 2018, 08:00:55 PM

So if I remember correctly Ripple labs own what 50billion XRP giving them a market value in the $175bn area or rough 3.5 Tesla's, 3 general motors or slightly less than 1 Volkswagen, why buy a Lambo when you can buy the company that makes them.

Yeah, the fact that RippleLabs is like one of the top 5-10 companies in the world explains that XRP is a bit of a speculative bubble at best or at minimum overvalued now.  It is a social media phenomenon though being pumped like crazy.  Isn't even THAT easy to buy yet so it may have a ways to go but needs a good correction or two soon.