Famous Billionaire Makes Bearish Comment on Ethereum (ETH), Admits He Was Wrong About This Popular Altcoin! "Very Strong!"

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Bitcoinsistemi2025/02/08 10:00

By:Elif Azra Güven

Galaxy Digital CEO Mike Novogratz also spoke about XRP.

Galaxy Digital CEO Mike Novogratz, who did not speak positively about the largest altcoin Ethereum (ETH) and stated that the trend is incredibly bearish, also spoke about Ripple (XRP).

Speaking in a recent YouTube interview, Novogratz admitted that he was wrong about his negative assessments of XRP in the past, saying that he had underestimated its strength.

Making a statement of support for XRP, Novogratz praised the strong stance of the XRP community and said that XRP is a great example of success and a textbook for the crypto industry.

Stating that XRP has a bullish narrative, the famous CEO said:

“I thought the XRP ecosystem would disappear. But it didn't. And now I have a very different view on it.

I never thought XRP would be the best performing token after the market open, but it did. The XRP army is really strong.

If people want to be part of the XRP Army, then so be it. That's their decision.”

XRP, one of the most valuable assets in the cryptocurrency market recently, has increased by over 300% since November with the uptrend that started after Donald Trump's election victory.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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