Galaxy Digital CEO and Bitcoin billionaire Mike Novogratz compared the XRP Army to 9/11 “conspiracy theorists” in a recent interview:
Over the years, the XRP army has built a real community that really wants to believe in the coin… You can tell them anything. Like the 9/11 conspiracy theories. Crypto also has a little bit of that. Sometimes they don’t look at the truth.
The billionaire also says that this community reminds him of former US President Donald Trump fans and British football fans who denied the legitimacy of the 2020 elections. For the past few months, the XRP community has been waging a war against SEC officials who sued Ripple. For some, the XRP community is busy spreading unfounded conspiracy theories about supposed conflicts of interest.
“Ripple should be worth $ 60 billion”
The former hedge fund manager claims he does not like XRP at all because there are many tokens owned by the company:
I never liked XRP tokens because a certain group holds too many tokens. On the other hand, the SEC has targeted the founder and the company.
After Novogratz questioned the XRP rally, token fans began attacking him on Twitter, urging the billionaire to sell Ripple shares. Novogratz admits that this is a “painful trade.” He states that the company should be worth $ 60 billion according to the amount of XRP it has, but Ripple’s equity is traded at around $ 3 billion:
So, something is wrong.