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.