- Cult-like crypto communities
- “Who am I to evaluate”?
Throughout a current dialog with podcaster Kyle Chasse, Galaxy Digital CEO Mike Novogratz admitted that he didn’t suppose that XRP would survive the SEC lawsuit.
“XRP has one of many strongest communities there’s,” Novogratz mentioned.
The Galaxy CEO has praised Ripple CEO Brad Garlinghouse for efficiently navigating lawsuits and conserving the group intact.
Cult-like crypto communities
Novogratz has recalled that he used to dismiss XRP on account of its cultish following. Nonetheless, he then got here to understand that that is half of what crypto primarily is.
“After 2008, folks didn’t belief governments…We have now so little belief that we’re discovering belief in these on-line crypto communities,” Novogratz famous.
He has added that each one cryptocurrencies which have turn into profitable are supported by cult-like communities.
This units crypto other than the equities market, provided that particular person shares not often have such passionate followers behind them (apart from fairly uncommon examples like Tesla).
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Novogratz remembers that he has one worker who primarily sees Bitcoin as his complete life goal.
“Who am I to evaluate”?
In truth, Novogratz thinks that XRP is the very best token one may have purchased after November 2024 based mostly on its spectacular efficiency. “Who would have ever guessed that?” Novogratz added.
He has additionally noticed that the token isn’t too costly for the XRP group, which is fairly uncommon for the inventory market.
Regardless that Novogratz was once skeptical about XRP on account of its perceived lack of decentralization, he has since adopted a distinct view.
“Who am I to evaluate the place folks need to retailer their cash?” Novogratz commented.