DeFi.XRP

Yeah, and honestly, this has been my argument, at least recently. I’ve held XRP as my main large-cap bag because I think the upside potential is larger than that of other tokens. Now, is it fulfilling the original direction that I thought XRP might head in? No, but then is anything? I’d say right now, no. Does that mean that XRP’s narrative has evolved? I think yes. I think there’s potential for new narratives and further evolution as well. We don’t need to get into that right now, but we can, of course, if you’d like. And again, I’m not trying to defend your decision or oppose it. I’m just saying that as a contrarian investor, and someone who takes your work specifically very seriously, it’s a good signal for me. When people of your calibre are feeling like that, it makes me think that sentiment must be quite near a low. That’s it, and it’s not a criticism of you, like I say. But then, if you look around at the larger crypto space, where is performing well? Probably the biggest narrative of the last cycle we’ve had, if you can even call it a cycle, has been meme coins. I’ve been discussing the possibility that we might have been in seven years of accumulation. Is this the direction that we actually thought crypto was ever going to head in? I don’t think so. And look, I’m not saying that meme coins are awful. But what I am saying is, if that’s the best we can come up with, it’s not exactly great, is it? Now, have I traded meme coins? Yes. Do I think there could be some use case for something like that in the future? Yes. But do I think there’s a much wider, larger, and overall direction of travel that’s far broader than what we’ve seen so far? Also yes. I don’t think we’ve got anywhere near what we came for in crypto. And does that mean the whole crypto idea is dead? It actually could do. Or it could just mean that we thought we were going to get there faster than we have. And that’s what I’ve been trying to argue recently in my work.