Vision

Galaxy

Bitcoin

<p>The post <a href="https://coinpedia.org/news/from-skeptic-to-supporter-mike-novogratzs-remarkable-u-turn-on-ripple-and-xrp/">From Skeptic to Supporter: Mike Novogratz Flips on Ripple; XRP Army Celebrates</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The world of cryptocurrencies is unpredictable to say the least, and so even the most experienced investors occasionally adjust their views. Meet <a href="https://coinpedia.org/news/mike-novogratz-predicts-sec-approved-bitcoin-etf-within-6-months-heres-the-insider-story/">Mike Novogratz</a>, the billionaire investor and CEO of Galaxy Digital, who’s undergone a significant shift in his opinion on Ripple and its native crypto, XRP. </p> 
<p>What began as skepticism has transformed into genuine admiration, fueled by Ripple’s legal successes and the steadfast commitment of the XRP community.</p> 
<h2 class="wp-block-heading" id="h-novogratz-comes-around-but-why">Novogratz Comes Around – But Why?</h2> 
<p>Mike Novogratz, a big player in the crypto scene, has made a U-turn in his stance on <a href="https://coinpedia.org/price-analysis/ripple-price-erases-its-monthly-gains-as-the-whales-dump-whats-next-for-xrp-price/">Ripple</a> and XRP. Initially wary due to Ripple’s significant <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> ownership, Novogratz has reassessed his position in light of recent legal wins in 2023. </p> 
<p>His initial concern — Ripple’s control of around 60% of XRP — has lessened, leading him to acknowledge the effective leadership of Ripple’s CEO, Brad Garlinghouse, and the community’s dedication.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Alpha time: <a href="https://twitter.com/novogratz?ref_src=twsrc%5Etfw">@novogratz</a> x <a href="https://twitter.com/RaoulGMI?ref_src=twsrc%5Etfw">@RaoulGMI</a><br><br>Please enjoy 5 takeaways from this convo… <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>1/ <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Novo on Ripple's <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> triumph against all odds: "I was wrong…" <a href="https://t.co/aleePocwRQ">https://t.co/aleePocwRQ</a> <a href="https://t.co/T3rXFbbF3L">pic.twitter.com/T3rXFbbF3L</a></p>— Real Vision (@RealVision) <a href="https://twitter.com/RealVision/status/1733929433717768447?ref_src=twsrc%5Etfw">December 10, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Read More: <a href="https://coinpedia.org/news/what-lies-ahead-for-ripple-after-releasing-200-million-xrp-this-december/">Investors on High Alert: Ripple to Release 200 Million XRP in December?</a></p> 
<h2 class="wp-block-heading" id="h-a-nod-to-the-xrp-army"><strong>A Nod to the XRP Army</strong></h2> 
<p>Novogratz’s newfound respect extends beyond Ripple, embracing the dynamic XRP community. In a recent podcast, he praised the “XRP Army” for their unwavering support and resilience, especially in the face of regulatory challenges. Drawing parallels to the enthusiasm of Bitcoin fans, Novogratz highlighted the pivotal role played by the XRP community in building a robust ecosystem for XRP.</p> 
<p>Ripple has not just endured challenges but has become a significant player in the global payments scene. With XRP gaining recognition as a viable digital asset for both storing value and transactions, Novogratz’s acknowledgment aligns with Ripple’s growing prominence.</p> 
<h2 class="wp-block-heading" id="h-xrp-vs-bitcoin-can-they-co-exist"><strong>XRP vs. Bitcoin: </strong>Can They Co-Exist?</h2> 
<p>In a surprising twist, Novogratz, known for supporting Bitcoin, drew intriguing parallels between XRP and the pioneering cryptocurrency. While both serve as stores of value, he emphasized the distinct features and applications that set XRP apart, hinting at a friendly coexistence rather than competition.</p> 
<p>The ripple effect of Novogratz’s change of heart has echoed throughout the XRP community. Influencers within the ecosystem are amplifying his praise, sparking discussions about the evolving perceptions of cryptocurrencies within the broader financial landscape.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">No one could argue <a href="https://twitter.com/novogratz?ref_src=twsrc%5Etfw">@novogratz</a> is wrong about the <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw">#XRPArmy</a> being real. There were TWO THOUSAND EXHIBITS entered as evidence in the <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> case. In her decision, Judge Torres cited only a couple dozen of those exhibits. <a href="https://twitter.com/hashtag/XRPHolder?src=hash&amp;ref_src=twsrc%5Etfw">#XRPHolder</a> Affidavits made the cut. <br><br>It all began with the… <a href="https://t.co/ctpmG7w0rI">https://t.co/ctpmG7w0rI</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1733905599652393317?ref_src=twsrc%5Etfw">December 10, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>They appreciated him for the honesty and coming out with his changed views. Of course, it does take humility.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Must’ve been hard to swallow but props for owning it sir <a href="https://twitter.com/novogratz?ref_src=twsrc%5Etfw">@novogratz</a> . We’ll grow as a unified ecosystem not on tribalism</p>— MARVIN NODALO 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98d.png" alt="🦍" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@cueball991) <a href="https://twitter.com/cueball991/status/1733976049472733655?ref_src=twsrc%5Etfw">December 10, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-novogratz-s-insights">Novogratz’s Insights</h2> 
<p>Novogratz’s reflections extend beyond Ripple and XRP, prompting contemplation on the broader cryptocurrency industry. Despite the growing involvement of people and capital in the crypto market, Novogratz astutely notes its relative smallness compared to the vast global financial markets, raising questions about the industry’s future trajectory.</p> 
<p>What new change is likely to come our way? </p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/ripple-price-prediction-xrp-price-poised-for-120-surge-if-this-happens/">Ripple Price Prediction: Expert Predicts 85%-120% XRP Jump!</a></p>

From Skeptic to Supporter: Mike Novogratz Flips on Ripple; XRP Army Celebrates

Table of Contents

CoinPedia News

Other articles published on Dec 11, 2023

Regulatory Pressure and Falling Value: Concerns about Binance’s BNB

Crypto Fund Sets Sights On Animoca Brands And Chainalysis In $500 Million Investment Drive

Shiba Inu Price Prediction as Market Cap Nears $6 Billion – Can SHIB Overtake DOGE?

SEC Launches Inquiry into Investment Adviser AI Use – Probing the Depths of Artificial Intelligen...

Shiba Inu (SHIB) like pump expected from Retik Finance (RETIK) in 2024 says millionaire Shib whale

Cardano (ADA) Could Reach Unprecedented Heights, Says Crypto Analyst

Join our free newsletter for daily crypto updates!