Galaxy Digital CEO Praises XRP Army. Here’s Why

Galaxy Digital CEO Mike Novogratz has once again highlighted the resilience of the XRP community, stating that their dedication is on par with that of Bitcoin advocates. In a recent interview with Natalie Brunnell on Coin Stories, he described XRP supporters as one of the most committed groups in the cryptocurrency space. During the discussion, Novogratz questioned why XRP has remained relevant for so long. Brunnell attributed its longevity to effective marketing and strong financial resources. When he asked where those resources originated, she pointed to token sales and an initial coin offering (ICO). While Ripple never conducted an ICO, the company has funded operations by selling portions of the XRP it received as a gift early in the token’s history. Stories and lessons from a decade in crypto with Mike @Novogratz . We talk about $GLXY , the 80,000 bitcoin transaction, whether Mike has any investing regrets, maxis and altcoin communities, Bitcoin’s roadmap to $1 million and much more. Timecodes: 00:00 Meet Mike Novogratz:… pic.twitter.com/4HrOi1juE5 — Natalie Brunell (@natbrunell) August 12, 2025 Community Strength as a Driving Force Novogratz emphasized that the XRP community, often referred to as the XRP Army , demonstrates a level of loyalty that matches Bitcoin’s strongest supporters. This view is consistent with his earlier remarks, suggesting that XRP’s survival is largely due to the dedication of its holders. He characterized the cryptocurrency sector as highly “tribal,” noting that communities are often built around shared beliefs and identity. Using himself as an example, Novogratz mentioned having tattoos of both Bitcoin and Terra Luna, reflecting his connections to different crypto communities. Novogratz also shared that his early perspective centered on Bitcoin as the sole form of “digital gold,” while he believed other cryptocurrencies needed tangible use cases to succeed. Over time, his outlook changed, recognizing that the broader appeal of crypto is rooted in declining trust in traditional systems, a sentiment that accelerated after the 2008 financial crisis and the release of the Bitcoin whitepaper. Recognition of Key Figures in the XRP Ecosystem The Galaxy Digital CEO credited Ripple CEO Brad Garlinghouse with fostering a strong and engaged community, though Garlinghouse himself has admitted uncertainty about the origins of the XRP Army. Novogratz also commended attorney John Deaton, who, despite no prior association with Ripple, became a vocal advocate for XRP holders during the SEC lawsuit, providing consistent legal updates and public commentary. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The Role of Community in Crypto’s Longevity According to Novogratz, the crypto market has introduced a sense of community into investing that traditional equities rarely replicate. He compared the loyalty of XRP holders to that seen among Tesla and Palantir supporters, noting that this level of engagement is absent in major companies like Oracle despite their financial success. He believes that such loyalty is fueled by public distrust in legacy financial systems and cannot be artificially created by corporate efforts alone. While not every cryptocurrency will endure over the long term, Novogratz acknowledged that XRP’s position among the top digital assets is a testament to the commitment of its supporters, who invest both financially and emotionally in the asset. These comments mark a significant change from Novogratz’s earlier stance . Two years ago, he openly doubted XRP’s staying power and raised concerns about Ripple’s large holdings of the token. Since then, he has repeatedly admitted that his skepticism was misplaced, crediting the XRP Army for proving him wrong. Following XRP’s rally after Donald Trump’s 2024 election victory, he reiterated that the token’s community has been the main reason for its sustained relevance over more than a decade. Novogratz’s remarks reinforce the importance of community in shaping the longevity and relevance of digital assets. For XRP, its survival and growth over the years highlight how committed supporters can be a decisive factor in a cryptocurrency’s enduring presence in a competitive market. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Galaxy Digital CEO Praises XRP Army. Here’s Why appeared first on Times Tabloid .

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