Mark Yusko, CEO of Morgan Creek Digital has said that he will stay away from both XRP and Stellar (XLM). The reason for this avoidance is because the supply of these two are very much centralized which he doesn't like. He has made these remarks against these two altcoins in an <a href="https://www.youtube.com/watch?v=wKYYnBHS0aI&amp;feature=youtu.be" target="_blank" rel="nofollow noopener">interview </a>organised by a program named Thinking Crypto on April 10.
<h2>Mark Yusko don’t own XRP and XLM</h2>
During that interview, Yusko has also given a statement that he doesn't own any of these altcoins because of their close relation. He has also talked about the joint fund with Bitwise which was established in 2018. Bitwise is an asset manager and the fund was named as the Morgan Creek Bitwise Digital Asset Index Fund. The major purpose of this fund is to track the top ten cryptocurrencies. /span&gt;

Yusko has also explained that these closely-held shares indicate and clearly lead to price manipulation. He has also shared an example of Tesla to support his claims. He has said that Tesla might have been in S&amp;P but it was unable to do this because of this closely held problem. He believes that these two cannot be traded freely as compared to Bitcoin, Ethereum or any other token.
<h2>Altcoins might go to the ‘zero marks’</h2>
This was not all, Mark Yusko has also made some predictions regarding the price of altcoins. According to him, the price of altcoins might head towards a zero mark in the near future. This is because the altcoins are related to all those companies which do not have high or any chance of success.

He has also referred to altcoins as ‘shitcoins’ and said that 99% of them will soon reach the zero mark. This prediction is because altcoins are pre-seed stage venture capital and due to this they reach a very low rate as compared to others.

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Mark Yusko Avoids XRP and XLM Due to Centralized Supply

Mark Yusko, CEO of Morgan Creek Digital has said that he will continue avoiding both XRP and XLM because the supply of these two are very much centralized.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Mark Yusko Avoids XRP and XLM Due to Centralized Supply

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