Novogratz’s statement did not go past Ripple CEO Brad Garlinghouse. “Since the beginning of the year, XRP has risen by 44%, while Bitcoin has risen by 33%,” Garlinghouse wrote. - And this is claimed by the guy who claimed that bitcoin would rise to $ 20,000 in 2019. He really predicted that Tom Hanks would receive an Oscar for Mr. Rogers. Perhaps in this prediction he will be right? Although I personally vote for Brad Pitt! ”
Novogratz explained that Galaxy Digital is a major investor in Ripple Labs, and he would like the company to succeed, while he recognizes Garlinghouse as an outstanding leader.
“I said that XRP tokens lagged behind bitcoin last year because Ripple owns a large number of them. I almost exclusively put on a long bitcoin for the past 15 months, - added Novograts. “This year, the wider altcoin market, including XRP, is superior to bitcoin, which surprised me.”
According to Novograts, bitcoin has already firmly settled in portfolios of investors inclined to consider it as a solid asset or digital gold, and all other cryptocurrencies are “venture rates” and will gain long-term value only if they prove their usefulness as a product. Such cryptocurrencies undergoing a “proof phase” include XRP and Ethereum, Galaxy Digital CEO said.
“The price of XRP will be determined similarly to other prices. If there will be more buyers than sellers (a lot here depends on the company itself), the price will rise. The company must rationally allocate resources and at the same time create viable application scenarios. I hope she does, ”he added. - You need to take the crypt. I hear more and more requests. It’s always dangerous, but the rise in price also raises my bullish attitude. ETH above $ 200 for a couple of days will open up the possibility for a larger move. BTC has $ 10,000 on the horizon. As soon as these levels are taken, we are ready to go higher. "
