Arrington XRP Capital Comments on Flow of Cryptocurrency Funds Increasing While Deals Do Opposite
Cryptocurrency Funds – They're Heading Towards the Markets – But the Amount of Deals Have Slipped – According to Arrington XRP Capital
While we are seeing the price of Bitcoin has steadily been moving upwards over the course of 2019, cryptocurrency funds are moving in a different direction. As the coin market is in a state of upswing, funds have been veering away from an uptick in investment. Instead, it has placed a greater degree of focus into the market.
This is according to the Founder of Arrington XRP Capital as well as of the Silicon Valley news company – Tech Crunch, Michael Arrington who has pointed out this newly apparent trend from the community.
Speaking to the host of the CNBC trading show – Crypto Trader – Michael Arrington discusses this new trend with Ran NeuNer, arguing that the current sentiment around Bitcoin is considerably Bullish, especially when compared to the market of 2018.
And why wouldn't we regard it as bullish, the market as a whole has managed to add a further $40 billion in market capitalization over the course of a week, a dramatic change of narrative when compared to the dark days of 2018. What we're seeing from the market as of right now is the world of virtual currency based funds are undergoing a new streak of optimism.
Arrington went on to further add:
“I just know that if we put money into the market, and hold long enough and make good bets, eventually, hopefully, we’ll make money.”
The Founder, Arrington, went on to add that, even during the course of this bullish Bitcoin upswing, there is an ongoing drop in the actual amount of deals being showcased during conferences such as Deconomy.
As a result, these same funds are moving away from securing and maintaining brand new ties. Instead, these same funds are seeking to trade more actively on the marketplace.
Arrington went on to add that these forums, which were held over the course of 2018 saw far more deals being penned between companies, in spite of the ongoing downtrend that he digital currency market was going through.
While the number of funds is depreciating over this year, Arrington is still optimistic when it comes to the prospects for cryptocurrencies.
“I think the deals will pick up again, entrepreneurs will start to build companies, because they know they can raise money and we’ll start to see really good deal flow coming in.”
If we are to concede to the notion that this is more a year of building for the cryptocurrency world, Arrington went on to answer a question about whether blockchain / cryptocurrency projects were poised for the implementation phase of development, of if they were still undergoing development.
Arrington went on to state that these mainnets were still on the rise, with implementation still to follow this year. But while this is certainly the year of the mainnets, there were only a few that are ready for action, with others still needing more time before they can be deployed.
Arrington went on to state the following:
“This is definitely the season of the mainnet.”
Arrington went on to state that there are two companies that Arrington XRP Capital is currently providing some scope of backing for, as well as having a great deal of financial interest in. One of these is the stablecoin company, which is based in South Korea, called Terra. This company is one of the Arrington's largest investments as of this year.
Along with Terra, Arrington XRP Capital has also expressed capital and direct interest in the Isreal based company called – SpaceMesh.
Arrington, while stating that there are companies that have since interested the capital investment firm, he argues that those that peaked the companies interest more were those projects originating outside of the US. This is due to the fact that they were far better placed for expansion and growth over the years, while Arrington argued that, the work of the Securities and Exchange Commission has been nothing but a “Total Disaster.”