Gary Cardone dumps his XRP position at $2.71, doesnt think XRP army will get rich

Gary Cardone, an experienced investor, sold all his XRP holdings at a price of $2.71, stating his personal investment rules led to this decision. He expressed doubt about XRP investors becoming wealthy. Cardone explained he avoids assets with unclear supply and demand unless he has a significant advantage, and prefers investments he can easily explain. He criticized focusing on price over value and following popular trends. XRP supporters responded negatively, questioning his initial investment and accusing him of not following his own rules. Some defended XRP against centralization criticisms, highlighting its Unique Node List and comparing it to Bitcoin and Ethereum. Separately, investor Jason Calacanis called XRP a centralized controlled security and opposed a spot XRP ETF, warning of potential market manipulation if approved. He believes XRP should only be for sophisticated investors.