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Ripple Is ‘Fake It Till You Make It On Steroids,’ Claims Moonrock Capital CEO

  • Simon Dedic, CEO of Moonrock Capital, criticizes Ripple's attempt to acquire Circle Internet Financial, calling it 'fake it till you make it on steroids.'
  • Ripple's acquisition proposal of Circle was reportedly valued at $4 billion to $5 billion.
  • Ripple, known for XRP Ledger designed for cross-border payments, recently agreed to acquire Hidden Road for $1.25 billion.
  • Debate sparked around the role of founding teams post-live network; Bitwise CEO sees Ripple as a high-agency creator with a strategic acquisition approach.

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