๐ข๐๐๐จ๐ซ๐จ ๐๐๐ฅ๐ฅ๐ฌ ๐จ๐ฎ๐ญ ๐ฆ๐ฒ ๐ก๐ข๐ ๐ก ๐๐ฑ๐ฉ๐จ๐ฌ๐ฎ๐ซ๐ ๐ญ๐จ ๐๐๐, ๐๐ง๐ ๐ ๐๐ฆ ๐ฉ๐ซ๐จ๐ฎ๐ ๐จ๐ ๐ข๐ญ!๐ข
- Gabor Fogarasi
- Apr 25, 2024
- 2 min read
Updated: Jun 6

Recently I checked out my ๐ค profile, and found this notice for potential copy investors:
โ The Portfolio has a significant allocation to XRP, indicating a potential high exposure to the cryptocurrency marketโ
๐คIt sounds like it's a bad thing, but I stand by it! I do believe ๐ช crypto has a place in a balanced portfolio. I am not trading crypto, not trying to pick the next 100x from the hundreds of meme coins. Staying in the investor lane mostly with $BTC (Bitcoin)ย (5%) $ETH (Ethereum)ย (3%) and $XRP (XRP)ย (15%)
๐นYes, recently I increased my crypto holdings to around 25%, as crypto winter seems to be over.
๐Why is $XRP (XRP)ย my largest holding? Well, it has a for-profit company behind it, with actual contracts with banks, with real revenue. Ripple Labs Inc. is valued at around 5 Billion USD.
I am convinced so much in their success, that I bought shares in the company too.
โ๏ธWhat about the Legal trouble with the SEC? The lawsuit will be resolved in the next 2 months, with Ripple currently having the upper hand after securing three partial court wins in 2023. ๐
๐๐๐๐ & ๐๐ข๐ฉ๐ฉ๐ฅ๐ ๐๐ ๐ซ๐๐ ๐จ๐ง ๐๐ข๐ฆ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ซ ๐๐ซ๐ข๐๐ ๐ ๐ข๐ฅ๐ข๐ง๐ ๐ฌ ๐
The proposal, filed on March 19, 2024, emphasizes the partiesโ commitment to public access to the case while acknowledging the need to protect sensitive information. It details a specific timeline for submissions and redactions, as listed here:
๐March 22, 2024: The SEC will file its opening remedies brief and supporting materials under seal.
๐March 26, 2024: The SEC will file a public, redacted version of its opening brief reflecting the agreed-upon redactions.
๐April 22, 2024: Ripple is expected to file its opposition brief and supporting documents.
๐May 6-8, 2024: The SEC will submit its reply brief under seal. A public, redacted version of the reply brief and any non-confidential supporting exhibits will then be filed.
๐With the ETF approval for $BTC (Bitcoin), and global Crypto adoption, it feels unlikely XRP will lose. Worst case scenario, they may have to pay a fine for some twisted reason. It's fine. ๐๐๐
๐ฐEmbrace Crypto, especially the top 10. While common people argue whether it is investable if it's a scam, Ponzi scheme or gambling, the financial world is moving in. ๐ฐ๐ฐ๐ฐ
๐Are you In, or Out?โฌ ๏ธโก๏ธ
๐ Invest smarter, not harderโcopy my trades and watch your portfolio grow! ๐
โ 2023 - 54.58%
โ 2024 - 54.1%
Gabor Fogarasi @fogi70
eToro Popular Investor ๐ฆ
CISI Level3 Investment Certification