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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Galaxy Digital CEO Expresses Bullish Sentiment On XRP

Godspower Owie
Godspower Owie
1 year ago
3 mins read
XRP

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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 Novogratz’s 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 token’s potential because he believed it would not last in the crypto market.  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, ‘That just doesn’t seem a proposition that’s going to work.’ And I’ve been dead wrong.

His recent view follows Ripple’s 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 asset’s value had tripled since the SEC’s actions. “It’s evidence that communities are incredibly resilient once they are established around shared interests,” he added. 

Now, Mike Novogratz continued by praising the whole Ripple team and CEO Brad Garlinghouse. In addition, he also recognized Ripple’s development into a powerful player in the payment industry.

The Galaxy Digital CEO Confirms XRP’s Army Is “Real”

Furthermore, he also gave the “XRP Army” 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 “alternative for people who want to store value.”

Related Reading

Mike Novogratz Bitcoin

Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely

1 year ago

So far, Mike Novogratz’s recent optimism about the asset has generated much interest in its community. Prominent XRP influencer Crypto Eri highlighted Novogratz’s remark regarding the digital asset in a post.

In a mocking response to Crypto Eri’s tweet, someone asked whether Novogratz had joined the ranks of XRP investors. He further asked whether he was still “confused” about its mission.

XRP
XRP trading at $0.615 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Shutterstock, chart from Tradingview.com
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Godspower Owie
Godspower Owie

Godspower Owie

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

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My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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