In a recent interview, Galaxy Digital CEO Mike Novogratz highlighted the importance of the XRP community's dedication, comparing it to that of Bitcoin supporters. He emphasized the unique role of community in ensuring the resilience and longevity of the cryptocurrency.
Community Strength as a Driving Force
Novogratz noted that the XRP community, often referred to as the 'XRP Army,' shows a level of dedication comparable to the strongest supporters of Bitcoin. In response to why XRP has remained relevant for so long, he pointed out the loyalty of its holders as a key reason.
Recognition of Key Figures in the XRP Ecosystem
Novogratz acknowledged Ripple CEO Brad Garlinghouse for fostering a strong and engaged community. He also commended attorney John Deaton, who became a vocal advocate for XRP holders during the SEC lawsuit, providing consistent legal updates and commentary.
The Role of Community in Crypto’s Longevity
According to Novogratz, the crypto market has created a sense of community in investing that is rarely replicated in traditional equities. He compared the loyalty of XRP holders to that seen among Tesla supporters, noting that such engagement is absent in major corporations.
Novogratz's comments reinforce the importance of community in shaping the longevity and relevance of digital assets. XRP's resilience in the market despite competition highlights that committed supporters can be a decisive factor in the success of a cryptocurrency.
