🚀 Ripple's CEO Doesn't Know Where the 'XRP Army' Came From – Novogratz Comments
In a recent appearance on a podcast, Mike Novogratz, the CEO of Galaxy Digital, revealed that Brad Garlinghouse, the CEO of Ripple, was unsure of the source of the strength of the 'XRP Army' that supports the currency.
Novogratz said:
> "I asked Brad several times about the source of this army, and he told me, 'I'm not sure.' But they really care about this currency."
⚖️ "Injustice to the Community"
Novogratz also praised John Deaton, the XRP-supporting activist who emerged during the Ripple vs. SEC case. Deaton filed a lawsuit on behalf of thousands of XRP holders, defending them against what he considered harmful actions by the U.S. Securities and Exchange Commission.
💰 XRP as a Store of Value
Novogratz sees XRP as a store of value, where people are storing their money within a community that cares about this currency.
> "XRP is still the third currency that people care about; they choose to convert their savings into it."
🔄 A Shift from Skepticism to Support
Novogratz had previously been skeptical about XRP due to concerns over centralization and lack of practical utility, but he admitted in 2023 that he was wrong and emphasized that buying the currency should be accessible to everyone.