Crypto Mogul Novogratz Praises XRP and ADA Communities
Analysis
Price Impact
HighMike novogratz, a prominent crypto mogul and former skeptic of xrp and ada, publicly admitting he was 'wrong' and praising their communities marks a significant shift in institutional perception. this validation from a high-profile figure can attract new institutional and retail investment.
Trustworthiness
HighNovogratz's 'i was wrong' pivot, after years of dismissing these tokens, suggests a genuine and well-considered change of heart based on observing their resilience and community strength, particularly xrp's legal victory.
Price Direction
BullishHis change of stance provides strong validation for xrp and ada, potentially signaling to other institutional investors that these assets are more robust and legitimate than previously perceived. this can lead to increased demand and upward price pressure over time.
Time Effect
LongA shift in sentiment from such a prominent figure is less about a momentary pump and more about a fundamental re-evaluation of these assets by the broader market. this kind of narrative change can foster sustained interest and adoption over an extended period.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Novogratz's previous takes The "I was wrong" pivot Advertisement 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 Novogratz's journey from an XRP skeptic to an XRP investor is one of the clearest examples of how institutional narratives have changed over the last decade. He famously disliked XRP because of centralization. As an early Ethereum and Bitcoin bull, he viewed Ripple holding ~50% of the XRP supply as a disqualifying factor. HOT Stories Ripple Exec Issues Bullish 2026 Prediction, Shiba Inu (SHIB) Price Defies Negative Trend, XRP Beats Bitcoin in Quantum Resistance — Crypto News Digest Morning Crypto Report: Bitcoin Briefly Hits Abnormal $24,111 on Binance, -26% for XRP: New Death Cross Price Prediction, Cardano (ADA) Has Bullish Chance for January Ripple Could Have Sold as Much XRP as It Wanted, CTO Says Crypto Market Prediction: Will Ethereum's (ETH) Christmas Be Bullish? Bitcoin (BTC) Hides Its Real Power, Did XRP Just End 160-Day Bloodbath? In early interviews, he would often scoff at XRP's rally, attributing it to naive retail investors who didn't understand tokenomics. Advertisement You Might Also Like Thu, 12/25/2025 - 05:27 Ripple Could Have Sold as Much XRP as It Wanted, CTO Says By Alex Dovbnya 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. Advertisement 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" pivot As XRP defeated the SEC and the price rallied in late 2024/2025, 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. But the community stayed strong, and Brad [Garlinghouse] and the team fought hard," he said back then. He stated on a podcast that he underestimated the "XRP Army" and Brad Garlinghouse's leadership. The crypto mogul realized that the community's refusal to leave during the lawsuit was a sign of strength, not delusion. #XRP News #Ripple News #Mike Novogratz