Ripple just dropped $1.25 BILLION to buy Hidden Road, a prime brokerage that moves $3 trillion annually. But why should XRP holders care? Because it's about to change everything for #XRP and #RLUSD. Let’s talk about why.
1/19🧵
People say that the US should have a strategic XRP reserve.
Sounds like a good idea... on the other hand you have a private company that's US based holding 40% of the XRP supply. This is an underrated factor.
RLUSD nears $300M MC, but we don't have a granular use breakdown between XRPL v ETH👉for "Ripple Payments". (correct me if wrong). I imagine $RLUSD on ETH will fall largely into global DeFi & exchange integrations, while $RLUSD on XRPL will be Ripple payments. Looking for stats.
Billionaires are bleeding
Elon Musk down $130B
Jeff Bezos down $45.2B
Zuckerberg, Ellison, Page… all deep in red.
Only one winner: Warren Buffett
+$12.7B YTD.
Is the old-school value investor winning in a tech sell-off?