Summary
- Teddy Fusaro, president of Bitwise, mentioned the possibility of Ripple acquiring multiple crypto companies.
- He estimated the value of XRP currently held by Ripple to be about $93 billion.
- Ripple proposed an acquisition of Circle worth about $4-5 billion, but Circle reportedly rejected it.
Teddy Fusaro, the president of Bitwise, predicted that Ripple could potentially acquire multiple crypto (cryptocurrency) companies if it wishes.
According to crypto-specialized media U.Today on the 5th (local time), he estimated the value of XRP held by Ripple to be about $93 billion.
Recently, XRP proposed an acquisition of Circle worth $4-5 billion, but it was reportedly rejected by Circle as "the bid was too low."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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