Ripple Can Buy Many Crypto Companies, Bitwise President Says
Bitwise President Teddy Fusaro has opined that enterprise blockchain company Ripple can potentially buy a lot of cryptocurrency companies if it wants to.
Fusaro has estimated that the company’s current XRP holdings are worth roughly $93 billion.
As reported by U.Today, Ripple announced that it had agreed to acquire prime brokerage Hidden Road for a whopping $1.25 billion, which represents one of the biggest corporate purchases to date.
Shortly after the announcement, Bloomberg reported that Ripple also approached USDC issuer Circle with a massive $5 billion offer. Circle, which is currently preparing to hold an initial public offering (IPO),…
