🚀 Future of XRP According to Crypto Mogul Mike Novogratz
🔍 Mike Novogratz from Galaxy Digital, a heavyweight in the crypto arena, openly abandons his previous skepticism regarding Ripple and the XRP cryptocurrency. "I was wrong," he admitted.
🤔 Initially, Novogratz cast doubt on the future of XRP, citing Ripple's dominant share in the token as a potential drawback. "I was skeptical that XRP would have staying power," he acknowledged, referring to Ripple's ownership, initially around 60% and now reduced to approximately 50%, of the token.
👏 But now, admiration fills his words for the Ripple leadership and the resilient XRP community. Novogratz tips his hat to CEO Brad Garlinghouse and the "XRP army." He recognizes their commitment to developing the ecosystem around the token: "The XRP army is real. They care about their ecosystem and their coin."
🎢 Novogratz's journey with XRP has been a rollercoaster of opinions. Earlier, he praised the resilience of the XRP community, especially in the face of regulatory hurdles. In his tweet in October 2021, he noted, "The value of $XRP has actually tripled post the SEC actions... Evidence that when communities form around common interests, they become damn resilient." However, his previous criticism of XRP's growth led to a public spat with Ripple's CEO. As reported by U.Today, Garlinghouse mocked Novogratz over his questionable Bitcoin price predictions, stating that he's not "Nostradamus." Novogratz then continued to express concerns about the spread of XRP and the ongoing development of its use cases.
