{"id":564896,"date":"2023-12-11T22:00:29","date_gmt":"2023-12-11T22:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=564896"},"modified":"2024-06-11T14:43:05","modified_gmt":"2024-06-11T14:43:05","slug":"galaxy-digital-ceo-expresses-bullish-sentiment-on-xrp","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/galaxy-digital-ceo-expresses-bullish-sentiment-on-xrp\/","title":{"rendered":"Galaxy Digital CEO Expresses Bullish Sentiment On XRP"},"content":{"rendered":"<p>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.<\/p>\n<p>Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/analyst-places-xrp-as-the-top-coin-for-the-2024-2025-bull-run\/\" target=\"_blank\" rel=\"noopener \">Analyst Places XRP As The Top Coin For The 2024-2025 Bull Run<\/a><\/p>\n<h2><span style=\"font-weight: 400\">Mike Novogratz&#8217;s Recent View On XRP And Ripple<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The Galaxy CEO <\/span><a href=\"https:\/\/x.com\/RealVision\/status\/17768447?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">revealed<\/span><\/a><span style=\"font-weight: 400\"> his optimism about the <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-up-today-ripple\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">XRP<\/span><\/a><span style=\"font-weight: 400\"> token in a recent podcast known as Real Vision on Sunday. He previously doubted the token&#8217;s potential because he believed it would not last in the crypto market<\/span><span style=\"font-weight: 400\">.\u00a0 <\/span><span style=\"font-weight: 400\">Novogratz stated:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">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, \u2018That just doesn\u2019t seem a proposition that\u2019s going to work.\u2019 And I\u2019ve been dead wrong.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">His recent view follows Ripple&#8217;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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In October 2021, Novogratz <\/span><a href=\"https:\/\/x.com\/novogratz\/status\/81215239?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">claimed<\/span><\/a><span style=\"font-weight: 400\"> that the asset&#8217;s value had tripled since the SEC&#8217;s actions. &#8220;It&#8217;s evidence that communities are incredibly resilient once they are established around shared interests,&#8221; he added.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Now, Mike Novogratz <a href=\"https:\/\/wncen.com\/ripple-2\/ripple-ceo-offers-perspective-on-legal-fallout-with-the-sec\/\" target=\"_blank\" rel=\"noopener \">continued<\/a> by praising the whole Ripple team and CEO Brad Garlinghouse. In addition, he also recognized Ripple&#8217;s development into a powerful player in the payment industry.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">The Galaxy Digital CEO Confirms XRP&#8217;s Army Is &#8220;Real&#8221;<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Furthermore, he also gave the &#8220;<\/span><a href=\"https:\/\/bitcoinist.com\/xrp-army-cant-decide-if-it-needs-a-dump-or-not\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">XRP Army<\/span><\/a><span style=\"font-weight: 400\">&#8221; 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:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">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.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Novogratz highlighted that the crypto asset presents use cases like Bitcoin (BTC). Due to this, it provides another &#8220;alternative for people who want to store value.&#8221;<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/billionaire-mike-novogratz-says-bitcoin-at-30000-is-unlikely\/\" target=\"_blank\" rel=\"noopener \">Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely<\/a><\/div>\n<p><span style=\"font-weight: 400\">So far, Mike Novogratz&#8217;s recent optimism about the asset has generated much interest in its community. Prominent XRP influencer Crypto Eri highlighted Novogratz&#8217;s remark regarding the digital asset in a <\/span><a href=\"https:\/\/x.com\/sentosumosaba\/status\/62324493?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a mocking response to Crypto Eri&#8217;s tweet, someone asked whether Novogratz had joined the ranks of<a href=\"https:\/\/wncen.com\/news\/ripple\/ripple-sec-xrp-investors-need-to-know-deadline\/\" target=\"_blank\" rel=\"noopener \"> XRP investors<\/a><\/span><span style=\"font-weight: 400\">. He further asked whether he was still &#8220;confused&#8221; about its mission.<\/span><\/p>\n<figure style=\"width: 2184px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/vApW5HKv\/\" alt=\"XRP\" width=\"2184\" height=\"1266\"><figcaption class=\"wp-caption-text\">XRP trading at $0.615 on the 1D chart | Source: XRPUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/vApW5HKv\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image from Shutterstock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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&#8217;s potential because he believed it would not last in the crypto market.\u00a0 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, \u2018That just doesn\u2019t seem a proposition that\u2019s going to work.\u2019 And I\u2019ve been dead wrong. His recent view follows Ripple&#8217;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&#8217;s value had tripled since the SEC&#8217;s actions. &#8220;It&#8217;s evidence that communities are incredibly resilient once they are established around shared interests,&#8221; he added.\u00a0 Now, Mike Novogratz continued by praising the whole Ripple team and CEO Brad Garlinghouse. In addition, he also recognized Ripple&#8217;s development into a powerful player in the payment industry. The Galaxy Digital CEO Confirms XRP&#8217;s Army Is &#8220;Real&#8221; Furthermore, he also gave the &#8220;XRP Army&#8221; 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 &#8220;alternative for people who want to store value.&#8221; Related Reading: Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely So far, Mike Novogratz&#8217;s recent optimism about the asset has generated much interest in its community. Prominent XRP influencer Crypto Eri highlighted Novogratz&#8217;s remark regarding the digital asset in a post. In a mocking response to Crypto Eri&#8217;s tweet, someone asked whether Novogratz had joined the ranks of XRP investors. He further asked whether he was still &#8220;confused&#8221; about its mission. Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":564898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[428,1119,90840,3680,3799,4531,30930,78763],"class_list":["post-564896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-bitcoin","tag-btc","tag-galazy-digital","tag-ripple","tag-sec","tag-xrp","tag-xrp-army","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Galaxy Digital CEO Expresses Bullish Sentiment On XRP<\/title>\n<meta name=\"description\" content=\"Galaxy Digital Chief Executive Officer, Mike Novogratz has shared his recent optimism about the XRP cryptocurrency, XRP army, and Ripple.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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