Marc Yusko named the reason for the lack of XRP and Stellar in Morgan Creek Digital's portfolio

Morgan Creek CEO Mark Yusko said that XRP and Stellar are not included in the portfolio of one of the industry's largest cryptocurrencyhedge funds due to the centralization of asset ownership.

In an interview with the Thinking Crypto YouTube channel, Yusko confirmed the foundation’s continued policy regarding these altcoins.

"We exclude everything that belongs to a small circle of people, so we do not own Stellar and XRP,"- he emphasized.

According to him, Tesla should be in the size of the S&P 500, but this is not the case, since the stock is controlled by a small circle and price manipulation is possible.

"It's the same with cryptocurrencies – this pair has too many centrally controlled tokens.They're not as freely tradable as, say, Bitcoin, Ethereum, Dash or Monero."- he emphasized.

In February, Galaxy Digital CEO Mike Novogratz drew attention to a large share of XRP held by Ripple and predicted a tough year for the coin.

In his opinion, with the exception of the sixteen or so largest cryptocurrencies by capitalization, the rest of the tokens will "turn to zero" because they representBet on startups with low chances of success.

"There's nothing wrong with utility tokens, or 'shitcoins' as they're affectionately called.It's just that 99% of them will be reset to zero, because they are just venture capital at the pre-seed stage, which has a very low interest ratehits",Yusko explained.

Earlier, the disappearance of 99% of cryptocurrencies was also predicted by Brad Garlinghouse, CEO of Ripple, a fintech startup token is in third place by capitalization.