Mike Novogratz, CEO of Galaxy Digital, one of the leading names in the cryptocurrency world, Ripple and its local token. XRP He seems to have withdrawn his previous criticisms of Novogratz admits he was “wrong” about his previous comments did.
Initially, Novogratz expressed doubts about the future of XRP, seeing Ripple’s dominant power over the token as a ‘potential’ disadvantage. “I was skeptical that the altcoin would have staying power,” the CEO said, referring to Ripple’s 60% ownership of the token, which has now dropped to about 50%.
But now, his remarks have attracted attention, showing an admiration for Ripple’s leadership and loyal community. Novogratz congratulated CEO Brad Garlinghouse and the community.
Initially, Novogratz expressed doubts about the future of XRP, citing Ripple’s dominant stake in the token as a potential disadvantage. “I was skeptical that XRP would have staying power,” he said, referring to Ripple’s 60% ownership of the token, which has now fallen to about 50%.
But now, his remarks have attracted attention, showing an admiration for Ripple’s leadership and the loyal XRP community. Not content with these words, Novogratz admits that XRP, like Bitcoin, has a unique place in the industry.
🧵 Alpha time: @novogratz x @RaoulGMI
NEWS CONTINUES BELOWPlease enjoy 5 takeaways from this convo… 🫡
1/ 🚀 Novo on Ripple’s $XRP victory against all odds: “I was wrong…” https://t.co/aleePocwRQ pic.twitter.com/T3rXFbbF3L
— Real Vision (@RealVision) December 10, 2023
Novogratz has previously praised the community’s resilience, especially in the face of regulations.
“Altcoin value has nearly tripled since the SEC actions… This is a testament to how resilient communities are once created with shared interests,” he said in an October 2021 tweet. His comment attracted attention.
Still, his earlier criticism of XRP’s rally Ripple It led to a public argument with its CEO. As Koinfinans.com reported, Garlinghouse mocked Novogratz for his questionable Bitcoin price predictions.