- Forbes Money & Markets columnist Tatiana Koffman said that there is a reasonable belief that Ripple will reach a settlement with the US SEC.
- Koffman discussed the crypto trading landscape during the Global Blockchain Congress in Dubai, UAE.
Koffman said the above statement in context of how institutions and media publish news to affect market prices to suit their agenda. She spoke during the sixth iteration of the Global Blockchain Congress in Dubai, UAE, hosted by Agora Group.
Together with CoinTelegraph’s Kristina Kucrezia Cornèr and other distinguished individuals, Koffman discussed the current situation of crypto trading. According to her, the crypto space is in unprecedented times, mentioning the WallStreetBets saga. However, she questions whether these will be sustainable.
In an interview with CoinQuora, Koffman also said that financial institutions, governments, and the media let out news depending on their agenda. She then proceeded to use the Ripple lawsuit and how people have told Ripple’s story as an exaggerated example. However, she deliberately said that she wasn’t giving any investment advice.
If people who have inside information regarding Ripple’s future tell grim scenarios, Koffman explained that it would be in their best interest to do so to make XRP dump.
“I think you have to take the news and media with a grain of salt. Oftentimes, trading against it pays off.”
Aside from Ripple, Koffman also cited Tesla CEO Elon Musk, who spoke during a Clubhouse meeting last week. Regarding crypto, Elon said that he has to be careful with what he says because he doesn’t want to move the market.
Interestingly, Elon pumped heavily on Dogecoin while keeping quiet on Bitcoin. Later on, Tesla announced that it bought $1.5 billion worth of Bitcoin. This helped BTC reach its newest all-time high (ATH) at $48,000.