Mike Novogratz’s shift in views
You may recall that the founder and CEO of Galaxy Digital, Mike Novogratz had been skeptical about Ripple-supported digital currency XRP. He previously expressed concerns about Ripple’s control over XRP’s supply.
Novogratz’s Reevaluation of Ripple and XRP
Well, it seems like Mike Novogratz has had a change of heart. In a recent interview, he admitted that he had been “dead wrong” about Ripple and its digital currency XRP. He acknowledged Ripple’s significant presence and the dedication of its community, the “XRP army.”
Doubts about Bitcoin and Insights into Fiscal Policies and Ethereum ETF
Moving on to Bitcoin, Novogratz expressed doubts about its practicality as a commonly used currency for everyday transactions. He also shared his thoughts on the U.S. government’s recent fiscal policies and expressed skepticism about the potential of a spot Ethereum exchange-traded fund.
Hot Take: Novogratz’s Shifting Views
Novogratz’s shift in views regarding Ripple and XRP signifies the evolving nature of the cryptocurrency industry. It serves as a reminder that even industry veterans are willing to reevaluate their positions based on market trends and developments.
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