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Galaxy Digital CEO Mike Novogratz, who has come to the fore with his support for cryptocurrencies, made important statements about $XRP, which has been on the agenda recently with the launch of spot ETFs.
Speaking to CoinDesk, Mike Novogratz said that $XRP has achieved something truly complex in the cryptocurrency world.
Stating that $XRP has become a real money after a long struggle, Novogratz said that $XRP has defied expectations, transformed its narrative and built a community strong enough to turn a token into a functional monetary asset.
Stating that $XRP has achieved something very rare, the famous CEO said that only a few tokens have crossed the threshold of becoming money so far.
“How do you turn something from a token into money? It's a really complex and difficult thing.
“There have only been a few people who have done this before. $XRP has done it too, and it's surprised everyone.”
Noting that Galaxy Digital remains a significant shareholder in Ripple, Novogratz admitted that he once questioned $XRP's decentralization, structure, and purpose.
Novogratz admitted that he misjudged $XRP's survival, praising the strength and community support of Ripple and $XRP. He added that $XRP has proven its strength and resilience.
*This is not investment advice.