Gary Cardone Reveals Why He Sold His Entire XRP Position at $2.71, Liquidating an $80K Portfolio

In a tweet today, finance veteran Gary Cardone revealed that he sold off his entire XRP position at $2.71, liquidating an $80K portfolio.

Finance veteran Gary Cardone has revealed that he sold off his entire XRP position at $2.71, liquidating an $80K portfolio.

With 40 years of experience in finance, Cardone took to Twitter on March 13 to share a candid breakdown of the rules that guided his decision to exit the asset. While expressing well wishes for the XRP community, he claimed that his professional instincts led him to part ways with the token.

Cardone said his first rule of investment is simple: if he doesn’t understand an asset’s supply and demand dynamics, he avoids it.

This concern likely stems from XRP’s supply mechanics. Ripple unlocks 1 billion tokens monthly but locks back 800 million XRP. This cycle has been ongoing for over half a decade, with no clear signs of ending, as Ripple has over 37 billion XRP under lock.

His second rule comes from the idea that complex investments should be explained simply. Cardone believes that if an investment cannot be clearly explained in an understandable way—and ideally visualized on a whiteboard—it’s a major red flag.

This preference ensures that one only backs well-understood assets.

In his third rule, Cardone urges investors to stay clear of those who focus solely on the price of an asset but fail to understand its underlying value.

This warns against the common trap of speculating based on price movements without considering the true worth of the asset.

For Cardone, long-term planning is key. Specifically, he stressed the importance of avoiding distractions caused by short-term market noise.

Instead of reacting to the day-to-day volatility that dominates crypto markets, he advocates for a longer-term strategy that aligns with an investor’s overall goals.

Consolidated Bets Lead to Great Wealth

Cardone’s fifth rule champions the power of focused, long-term investments. Rather than spreading himself thin across numerous assets, he believes in making a few highly concentrated bets.

Never Follow the Crowd

Perhaps the most critical lesson Cardone shared was the idea of going against the grain. Specifically, rule six, which he claims should be his first rule, is never to follow the crowd.

This is a popular hypothesis that the masses are often wrong. In the case of XRP, the interest in the token is exceptional, with wild price predictions continually making the rounds in the community.

As a result, Cardone urges investors to make decisions based on their research and conviction rather than simply riding on trends.

As for XRP holders, Cardone ended his tweet by wishing them well and acknowledged the widespread hopes of getting “stupid rich.” Yet, he stressed that understanding the dynamics of an asset is key to long-term success.

Meanwhile, in response to this post, XRP community members remarked that anyone can do as they please, but only time will tell if the decision was correct.

Cardone’s recent disclosure comes a few days after a previous action from the financial veteran riled up the XRP community. Cardone had launched a poll requesting public opinion on which asset they could pick as long-term investments. However, he deleted the poll when XRP gained a decisive lead over Bitcoin.

Readers are also encouraged to go through DisClamier at the end of the content for a better understanding of the risks involved.