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.
Related Reading: Analyst Places XRP As The Top Coin For The 2024-2025 Bull Run
Mike Novogratzโs Recent View On XRP And Ripple
The Galaxy CEO revealed his optimism about the XRP token in a recent podcast known as Real Vision on Sunday. He previously doubted the tokenโs potential because he believed it would not last in the crypto market.ย Novogratz stated:
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, โThat just doesnโt seem a proposition thatโs going to work.โ And Iโve been dead wrong.
His recent view follows Rippleโs 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.
In October 2021, Novogratz claimed that the assetโs value had tripled since the SECโs actions. โItโs evidence that communities are incredibly resilient once they are established around shared interests,โ he added.ย
Now, Mike Novogratz continued by praising the whole Ripple team and CEO Brad Garlinghouse. In addition, he also recognized Rippleโs development into a powerful player in the payment industry.
The Galaxy Digital CEO Confirms XRPโs Army Is โRealโ
Furthermore, he also gave the โXRP Armyโ 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:
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.
Novogratz highlighted that the crypto asset presents use cases like Bitcoin (BTC). Due to this, it provides another โalternative for people who want to store value.โ
So far, Mike Novogratzโs recent optimism about the asset has generated much interest in its community. Prominent XRP influencer Crypto Eri highlighted Novogratzโs remark regarding the digital asset in a post.
In a mocking response to Crypto Eriโs tweet, someone asked whether Novogratz had joined the ranks of XRP investors. He further asked whether he was still โconfusedโ about its mission.
Featured image from Shutterstock, chart from Tradingview.com
