Ripple Develops ‘Social Value’ According to Arca CIO Jeff Dorman
In recent discussions, the focus has shifted to the importance of project fundamentals in crypto investments. Jeff Dorman, CIO of Arca, emphasizes that while projects may not generate revenue immediately, they must have a vision for monetization. Key points include:
- Projects can achieve success through social value alongside financial and utility value.
- Ripple's XRP, with a market cap of $126 billion, is noted for its significant social value despite potential overvaluation.
- Dorman likens XRP's status to a call option, highlighting its established presence and large following.
- Ripple is expanding its financial profile by acquiring Hidden Road, which provides access to new business opportunities and a US broker-dealer license.
- Ripple reportedly made a bid of $4-$5 billion for Circle, aligning with Circle's valuation expectations prior to its public debut.
- This expansion strategy may enhance Ripple's fundamental value over time.
The evolving landscape suggests Ripple may be unique in its approach, raising questions about whether other projects can replicate this model.