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Novogratz: XRP could be the biggest crypto chance after 2024!
Mike Novogratz, CEO from Galaxy Digital, discusses XRP and crypto communities on October 2, 2025. Trust in digital currencies.
Novogratz: XRP could be the biggest crypto chance after 2024!
Mike Novogratz, the CEO of Galaxy Digital, recently expressed his thoughts on the current situation of XRP and the challenges that the Ripple company faces. The financial expert spoke skeptically and indicated that he did not believe that XRP the ongoing lawsuit of the U.S. Securities and Exchange Commission (SEC) will survive. This is a central topic for the crypto community, since the effects of such a legal dispute could have far-reaching consequences for the entire market.
Novogratz also expressed recognition for Brad Garlinghouse, the CEO of Ripple, for whose ability to navigate through the numerous lawsuits and to hold the community together to hold XRP together. This type of support is considered crucial to maintain the trust of investors, especially in turbulent times. Novogratz exposed his initial skepticism to XRP, which came to him due to the “cult -like” followers of the project, states that this community is a significant part of the success of cryptocurrencies.
XRP and the community
In recent years, confidence in institutional actors, such as governments, has significantly reduced due to the 2008 financial crisis. Novogratz emphasized that more and more people are putting their trust in online crypto communities. This dynamic fundamentally differentiates cryptocurrencies from traditional stock markets. Novogratz noted that successful cryptocurrencies are often supported by passionate and committed communities that can be described as "cult -like".
An example of this is an employee of Novogratz who not only sees Bitcoin as an investment, but as a purpose for life. This intensity of the engagement can be found in many crypto communities. In addition, Novogratz is convinced that after November 2024 XRP could be one of the best investments, which is based on impressive price development. In fact, he realizes that the price of XRP is never too high for the community, which is considered unusual compared to traditional stock markets.
A rethink of the views
Despite his earlier skepticism with regard to XRP, which mainly arose due to the perceived lack of decentralization, Novogratz 'opinion has changed. He explained: "Who am I to judge where people want to invest their money?" This rethinking shows how dynamically the opinions in the cryptom market are and how much the community is perceived as a driving force.
Overall, Novograms' comments reflect the current uncertainty and at the same time the opportunities that exist in the crypto sector. The ongoing legal disputes and the strength of the community could decide which direction XRP and Ripple will develop in.
For more information about the opinions of Mike Novogratz on XRP and the current status of the market, see U.Today.