Billionaire Mike Novogratz Makes Surprising Statement on Two Altcoins: "I Was Wrong!"

Source: CryptoNewsNet Original Title: Billionaire Mike Novogratz Makes Surprising Statement on Two Altcoins! “I Was Wrong!” Original Link: https://cryptonews.net/news/altcoins/32190937/ Galaxy Digital CEO Mike Novogratz, known for his support of cryptocurrencies, recently spoke about XRP and Cardano (ADA).

Novogratz, who has previously spoken highly of XRP, praised the strong communities behind both XRP and Cardano (ADA) tokens.

Novogratz’s comments come after he previously downplayed XRP and ADA. He had argued that XRP’s rise was unreal and described ADA as a “strange cult.”

However, Novogratz has now abandoned this view, emphasizing that the belief and commitment of the community behind the projects is a critical factor in determining the long-term value of cryptocurrencies. He cited XRP and ADA as examples:

“Cardano and XRP have strong communities.”

In an interview in November, Novogratz admitted he was wrong about XRP, stating that after a long struggle, XRP had become a real currency. He said XRP had exceeded expectations, changed the narrative, and built a community strong enough to transform a token into a functional monetary asset.