Galaxy Digital chief executive Mike Novogratz has offered new remarks on XRP, stating that the asset has reached a milestone that very few cryptocurrencies ever achieve: It is used and regarded as money by a large segment of its holders. His comments came during a recent discussion with CoinDesk, where he evaluated the token’s progression and the factors that supported its development. Novogratz noted that only a small number of cryptocurrencies have passed the point where people rely on them as a monetary instrument rather than a speculative asset. He stated that XRP is one of the few that has accomplished this transition, a result he considers unusual within the broader market. He explained that creating a digital asset that functions as money is a complex task involving technology, long-term stability, and user conviction. According to him, XRP’s ability to cross this threshold distinguishes it within the industry. Novogratz acknowledged that the achievement was unexpected even to him, despite his firm’s early exposure to Ripple as an investor. "How do you turn something from being a token into money?… XRP has done it." Galaxy CEO Mike Novogratz ( @novogratz ) called it early. Today, the market confirmed it: The $XRPC ETF has just broken BSOL’s record for the biggest day-one debut of the year. Thank you @OwlTing … pic.twitter.com/KdqjFinmsO — CoinDesk (@CoinDesk) November 13, 2025 Early Doubts and How They Changed Over Time During the interview, Novogratz reflected on the skepticism he previously shared with many critics. He recalled concerns about XRP’s architecture, governance, and the degree of decentralization associated with the network. These criticisms were common among early crypto adopters who believed that only certain models of blockchain systems could succeed. However, he stated that the issues he once emphasized eventually became less significant than he anticipated. Over time, Ripple’s corporate development, combined with consistent user commitment, reshaped his view. Novogratz emphasized that while Ripple’s growth played an important role, it was not the only factor that shifted perception. Community Influence and Its Impact on XRP’s Status According to Novogratz, one of the decisive elements behind XRP’s evolution was the persistence of its global community. He observed that XRP supporters maintained long-term confidence in the asset throughout market downturns, regulatory disputes, and extended periods of criticism from industry commentators. He argued that this sustained commitment strengthened the token’s position and contributed to the point where many users treat XRP as a dependable monetary instrument. Novogratz stated that community strength is now a significant driver of success within the crypto sector and that XRP is a clear example of this dynamic. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 His remarks are consistent with previous statements in which he conceded that his early assessment of XRP’s potential was inaccurate. He has also compared the discipline of the XRP community to that of major crypto groups, highlighting how collective confidence can influence the use and perceived value of digital assets. Broader Context and Industry Implications Novogratz pointed out that communities can exert substantial influence over how digital assets are adopted, interpreted, and valued. He noted that similar patterns are evident in other industries, where strong user groups shape how companies or products are perceived. In his view, XRP’s trajectory shows that community-driven support can elevate a token from speculative trading to practical monetary use. He also emphasized that the strength of a token’s user base can at times outweigh traditional evaluations based on network structure or design. XRP’s continued presence in the market, particularly during periods of regulatory scrutiny, demonstrates, in his view, that sustained community confidence can enhance longevity and relevance. Novogratz’s latest assessment comes at a time when XRP-related investment products, including recently launched exchange-traded funds, are gaining traction and recording significant interest in early 2025. His comments are likely to be seen as notable recognition by supporters who have long argued that XRP has maintained a distinct position within the digital asset 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: XRP Has Done It appeared first on Times Tabloid .
