'Crypto Was Just Beginning': Ripple Founder Jed McCaleb Reveals Ultimate Destination
Analysis
Price Impact
LowJed mccaleb's statement that crypto was a 'detour' and his focus on ai might suggest a reduced personal involvement in crypto long-term. however, his past contributions to xrp and stellar are significant, and his current investments are substantial. the immediate market impact of his personal career shift is likely to be minimal as he has already liquidated his xrp holdings and his current focus is on a different sector.
Trustworthiness
HighPrice Direction
NeutralMccaleb's personal career shift to ai does not directly impact xrp's price in the short term. while he was a key figure, he has already sold his xrp holdings. the crypto market is influenced by many other factors.
Time Effect
LongThe long-term effect on the crypto space, particularly for projects he was involved with like ripple and stellar, could be seen as a narrative shift. it highlights that even early pioneers can move on to new technological frontiers, which might inspire future innovation but doesn't directly alter the fundamental value drivers of existing cryptocurrencies.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Ripple and Stellar founder Jed McCaleb has highlighted that crypto might be the beginning of his tech journey, revealing an ultimate destination. Advertisement McCaleb revealed a lifelong passion aside from crypto: AI. The Ripple cofounder disclosed that he had been wanting to work on AI the whole time. According to Forbes , McCaleb wants to build AGI by studying how the brain learns and then translate the rules into AI. Beyond this, the Stellar founder is also trying to bankroll it to reality. HOT Stories $50.4 Million XRP Transferred to Coinbase Ahead of Ripple Escrow Unlocking, Painful 96.8% Bitcoin Metric Highlighted by CryptoQuant, Is Saylor's BTC Buying Streak Finally Over?: Morning Crypto Report Elon Musk Posts Bitcoin Anime Girl, BTC Price Remains in Green "Crypto was, in some sense, a big detour," McCaleb stated. He had "been wanting to work on AI the whole time." He added that the only time he really got the chance to pursue this was once he stepped back from crypto. McCaleb believes in AI's transformative potential, saying that it is the most compelling thing to work on. Advertisement You Might Also Like Tue, 11/26/2024 - 19:53 Jed McCaleb: "Stellar Is Very Different from Ripple" By Alex Dovbnya McCaleb stated that "AI is going to be the most transformative thing that humans ever create. So it's the most compelling thing to work on." In this light, McCaleb is committing $1 billion of his cryptocurrency fortune (worth about $3.9 billion by Forbes's estimate) to building AI systems that achieve artificial general intelligence, which refers to the threshold at which AI systems can perform tasks as well as humans. Advertisement McCaleb's crypto journey McCaleb's foray into cryptocurrency goes way beyond 2011, when he teamed up with XRP Ledger creators David Schwartz and Arthur Britto to begin developing XRPL. You Might Also Like Sat, 07/16/2022 - 14:19 Ripple Co-Founder Jed McCaleb Made U-Turn on Selling His Last 5 Million XRP; Here's Why By Tomiwabold Olajide Fascinated by Bitcoin, the trio set out to create a better version that improved upon its limitations, with the goal of creating a digital asset that was more sustainable and built specifically for payments. The XRP Ledger was launched shortly after, in June 2012. McCaleb left Ripple in 2013 due to differing visions with the company, and he later cofounded the Stellar (XLM) network. As one of Ripple’s cofounders, McCaleb was allocated a total of nine billion XRP in 2012. In 2014, McCaleb reached an agreement with Ripple to gradually sell his XRP holdings. He fully liquidated his XRP holdings in 2022. #Jed McCaleb #ripple #Stellar #Cryptocurrency #XRP Ledger