Attorney Jeremy Hogan, the founder of Hogan & Hogan law firm, revealed his long-term crypto holdings on Monday, showing that he holds more XRP than Bitcoin (BTC).
Per the update, the pro-XRP lawyer holds his long-term crypto assets in a hardware wallet, Ledger Nano X. And according to his asset allocation in the hardware wallet, XRP makes up 74.3% or three-quarters (¾) of his long-term crypto holdings. While BTC makes up only 25.69% of his portfolio.
Despite the ongoing SEC lawsuit against Ripple, Hogan noted that he is an XRP maximalist. He wrote, “This is my Ledger Nano, where I keep long-term holdings. I am an ‘XRPXRPXRPBTC’ Maxi.”
More so, the pro-XRP lawyer highlighted that he has some assets other than XRP and BTC on crypto exchanges.
Hogan’s action was imitated by so many other users, who also displayed their holdings under the comment section of his tweet. Interestingly, some users’ asset allocation showed that they hold 100% of their long-term assets in XRP while some hold 97% in XRP and some 75% in XRP with 25% in ETH.
This development confirms the survey executed by top US exchange Uphold which had the conclusion that most XRP investors are long-term holders.
Hogan believes XRP would do well in the long run amid the longstanding XRP lawsuit filed against Ripple and Ripple executives Brad Garlinghouse and Chris Larsen by the SEC.
The SEC claims XRP is a security but Hogan thinks otherwise. As published, the law firm founder clearly explained why Ripple would win the lawsuit which began in December 2020. Meanwhile, he pointed out what would happen to the sixth-largest crypto by market cap if the SEC defeats Ripple in court.
Howbeit, Hogan hinted that the presiding judge may have already decided XRP’s security status while showing his curiosity to read the released Hinman Speech Documents as SEC argues that they are privileged.
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