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From Doubt to Respect

Galaxy Digital CEO Mike Novogratz recently confessed in an interview with podcaster Kyle Chais that he sincerely did not believe XRP could withstand the massive lawsuit filed against Ripple by the U.S. Securities and Exchange Commission (SEC). However, the years that followed proved otherwise — the coin not only survived but continues to gain momentum.

Novogratz emphasized that the key to XRP's survival was one of the most cohesive and devoted communities in the crypto world. He expressed particular recognition for Ripple's CEO Brad Garlinghouse, whose strategy in legal battles and ability to maintain trust within the ecosystem, in the investor's opinion, deserve high praise.

When Crypto Becomes Faith

Initially, Novogratz approached XRP with irony, calling it a "cult" project and not taking it seriously. However, over time he came to understand that such almost religious devotion is not a flaw but a powerful engine of success in the world of digital assets.

"After the financial crisis of 2008, trust in government structures collapsed. People began to seek new points of support — and they find them in online communities where they feel unity and meaning," he explained.

According to his observations, all truly successful cryptocurrencies are surrounded by fanatically devoted followers. This sharply distinguishes them from traditional financial instruments: stocks rarely evoke such emotional involvement, except perhaps for Tesla. To support his words, Novogratz cited the example of one of the employees at Galaxy Digital, for whom Bitcoin became not just an investment but the work of a lifetime.

Price Doesn't Matter — If There Is Faith

The investor also noted that since November 2024, XRP has become one of the leaders in growth in the crypto market, significantly surpassing many expectations. "Who would have thought?" he added with a smile.

He was particularly struck by how members of the XRP community perceive the value of the asset: for them, it is never "too expensive." This, according to Novogratz, is another testament to the deep emotional attachment that is extremely rare in traditional markets.

Previously, he criticized Ripple for insufficient decentralization, but today his views have changed. "After all, who am I to dictate to people where and how to keep their money?" concluded Novogratz, acknowledging everyone's right to choose the assets they believe in wholeheartedly.