Gary Cardone, with over 40 years of financial experience, has strongly criticized Ripple's XRP token.
He expressed concerns over reports stating that the XRP Ledger would be used for the digital euro project, linking it to potential financial control by authorities.
Cardone compared XRP's actions to survive in the financial sector to the controversial effects of COVID-19, criticizing its collaboration with authorities like the ECB.
Despite being a former XRP investor, Cardone sold his entire XRP portfolio earlier this year at $2.71, citing diverging from his investment principles.