Galaxy Digital Chief Executive Officer Mike Novogratz has shared his recent optimistic view on XRP, its army, and Ripple, asserting that he was wrong about his earlier skepticism towards them.<\/p>\n
Related Reading: Analyst Places XRP As The Top Coin For The 2024-2025 Bull Run<\/a><\/p>\n The Galaxy CEO revealed<\/a> his optimism about the XRP<\/a> token in a recent podcast known as Real Vision on Sunday. He previously doubted the token\u2019s potential because he believed it would not last in the crypto market.\u00a0 Novogratz stated:<\/p>\n I was skeptical that XRP would have lasting power because payment company Ripple owns 60% of XRP, now 55% or 50%. And I was like, \u2018That just doesn\u2019t seem a proposition that\u2019s going to work.\u2019 And I\u2019ve been dead wrong.<\/p>\n His recent view follows Ripple\u2019s significant court victories over the US Securities and Exchange Commission (SEC) in 2023. The United States Securities and Exchange Commission (SEC) has lost about three times to the crypto firm this year.<\/p>\n In October 2021, Novogratz claimed<\/a> that the asset\u2019s value had tripled since the SEC\u2019s actions. \u201cIt\u2019s evidence that communities are incredibly resilient once they are established around shared interests,\u201d he added.\u00a0<\/p>\n Now, Mike Novogratz continued<\/a> by praising the whole Ripple team and CEO Brad Garlinghouse. In addition, he also recognized Ripple\u2019s development into a powerful player in the payment industry.<\/p>\n Furthermore, he also gave the \u201cXRP Army<\/a>\u201d direct recognition, emphasizing the emotional community actively advancing and supporting its ecosystem. He confirmed the reality of the army while noting that they care about their asset and ecosystem. He stated:<\/p>\n Hats off to Brad Garlinghouse and his team, Ripple is now an institution. The XRP army is real, they care about their ecosystem and their coin.<\/p>\n Novogratz highlighted that the crypto asset presents use cases like Bitcoin (BTC). Due to this, it provides another \u201calternative for people who want to store value.\u201d<\/p>\n So far, Mike Novogratz\u2019s recent optimism about the asset has generated much interest in its community. Prominent XRP influencer Crypto Eri highlighted Novogratz\u2019s remark regarding the digital asset in a post<\/a>.<\/p>\n In a mocking response to Crypto Eri\u2019s tweet, someone asked whether Novogratz had joined the ranks of XRP investors<\/a>. He further asked whether he was still \u201cconfused\u201d about its mission.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Galaxy Digital Chief Executive Officer Mike Novogratz has shared his recent optimistic view on XRP, its army, and Ripple, asserting that he was wrong about his earlier skepticism towards them.<\/p>\n Related Reading: Analyst Places XRP As The Top Coin For The 2024-2025 Bull Run<\/a><\/p>\n The Galaxy CEO revealed<\/a> his optimism about the XRP<\/a> token in a recent podcast known as Real Vision on Sunday. He previously doubted the token\u2019s potential because he believed it would not last in the crypto market.\u00a0 Novogratz stated:<\/p>\n I was skeptical that XRP would have lasting power because payment company Ripple owns 60% of XRP, now 55% or 50%. And I was like, \u2018That just doesn\u2019t seem a proposition that\u2019s going to work.\u2019 And I\u2019ve been dead wrong.<\/p>\n His recent view follows Ripple\u2019s significant court victories over the US Securities and Exchange Commission (SEC) in 2023. The United States Securities and Exchange Commission (SEC) has lost about three times to the crypto firm this year.<\/p>\n In October 2021, Novogratz claimed<\/a> that the asset\u2019s value had tripled since the SEC\u2019s actions. \u201cIt\u2019s evidence that communities are incredibly resilient once they are established around shared interests,\u201d he added.\u00a0<\/p>\n Now, Mike Novogratz continued<\/a> by praising the whole Ripple team and CEO Brad Garlinghouse. In addition, he also recognized Ripple\u2019s development into a powerful player in the payment industry.<\/p>\n Furthermore, he also gave the \u201cXRP Army<\/a>\u201d direct recognition, emphasizing the emotional community actively advancing and supporting its ecosystem. He confirmed the reality of the army while noting that they care about their asset and ecosystem. He stated:<\/p>\n Hats off to Brad Garlinghouse and his team, Ripple is now an institution. The XRP army is real, they care about their ecosystem and their coin.<\/p>\n Novogratz highlighted that the crypto asset presents use cases like Bitcoin (BTC). Due to this, it provides another \u201calternative for people who want to store value.\u201d<\/p>\n So far, Mike Novogratz\u2019s recent optimism about the asset has generated much interest in its community. Prominent XRP influencer Crypto Eri highlighted Novogratz\u2019s remark regarding the digital asset in a post<\/a>.<\/p>\nMike Novogratz\u2019s Recent View On XRP And Ripple<\/h2>\n
The Galaxy Digital CEO Confirms XRP\u2019s Army Is \u201cReal\u201d<\/h2>\n
Mike Novogratz\u2019s Recent View On XRP And Ripple<\/h2>\n
The Galaxy Digital CEO Confirms XRP\u2019s Army Is \u201cReal\u201d<\/h2>\n