Crypto Mogul Novogratz Praises XRP and ADA Communities

utoday2025-12-25

Galaxy CEO Mike Novogratz has recently praised the strong communities behind XRP and Cardano (ADA). This comes after the mogul would dismiss these tokens in the past. Novogratz's previous takes ...

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This comes after the mogul would dismiss these tokens in the past. Novogratz's previous takes ...</p>\n\n<a href=\"https://u.today/crypto-mogul-novogratz-praises-xrp-and-ada-communities\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADA.AU","symbol_name":"ADACEL TECHNOLOGIES LIMITED","start_time":0,"source_url":"https://u.today/crypto-mogul-novogratz-praises-xrp-and-ada-communities","article_id":"2594261842","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/crypto-mogul-novogratz-praises-xrp-and-ada-communities","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2594261842","pubTimestamp":1766658780,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"Galaxy CEO Mike Novogratz has recently praised the strong communities behind XRP and Cardano (ADA). 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As an early Ethereum and Bitcoin bull, he viewed Ripple holding roughly 50% of the XRP supply as a disqualifying factor. In early interviews, he would often scoff at XRP's rally, attributing it to naive retail investors who didn't understand tokenomics.When the SEC sued Ripple in December 2020, Novogratz distanced himself further.During the 2021 bull run, while XRP was pumping, Novogratz continued to ignore it. \"You could tell them anything. It's like 9/11 conspiracy theories. They just don't look at the truth sometimes,\" he said back then. He has also dismissed ADA as a \"weird cult,\" but he now acknowledges that IOG Chales Hoskinson has managed to keep the community together. The \"I was wrong\" pivotAfter Ripple and the XRP community defeated the SEC and the price rallied, Novogratz publicly admitted he had miscalculated.As reported by U.Today, Novogratz recently admitted that he was wrong about XRP. \"I was wrong about XRP... I didn't think XRP would last. I thought the SEC was going to crush it. 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