Crypto billionaire Mike Novogratz shifts stance on XRP and Cardano.
Novogratz Supports XRP’s Enduring Appeal
Galaxy Digital CEO Mike Novogratz has acknowledged the resilience of XRP, stating that its strong community and underlying “narrative” keep it relevant in the crypto space.
“I thought lots of these ecosystems would go away. And they didn’t. And I have a very different view on this now. It’s the libertarian view. If people want to be part of the XRP Army, let them. That’s their decision.”
Read more on U.Today https://u.today/mike-novogratz-if-people-want-to-be-part-of-xrp-army-let-them
Shift in Perspective on Crypto Ecosystems
Novogratz, once skeptical of XRP and Cardano, admitted he was wrong about their long-term viability. He previously criticized XRP over Ripple’s token holdings and Cardano’s high valuation but now appreciates the staying power of these communities.
Crypto’s Store of Value Debate
Novogratz highlighted that crypto projects, even those without strong fundamentals, retain value due to investor sentiment. He noted that “people are storing their value there,” making these ecosystems more resilient than expected.
Bitcoin’s Future Outlook
Aside from his comments on XRP, Novogratz reiterated his bullish stance on Bitcoin, predicting that BTC could hit $500,000 if a strategic Bitcoin reserve is approved in the U.S.
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