Billionaire Mike Novogratz compares XRP fans to Trump supporters, warns against buying dogecoin, and calls bitcoin ‘insurance’ in a new interview. Here are the 10 best quotes.

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Billionaire Mike Novogratz blasted Ripple’s XRP and advised against buying dogecoin in a recent “Earn Your Leisure” interview with hosts Rashad Bilal and Troy Millings.

The CEO of crypto merchant bank Galaxy Digital said he isn’t worried about bitcoin’s long-term health because institutions like Goldman Sachs and JPMorgan are entering the space.

He predicted crypto investments will make up 2% of global wealth within two to three years, up from its current slice of half a percent.

Here are Novogratz’ 10 best quotes from the interview, lightly edited and condensed for clarity:

1. “Over the years, the XRP army has built up a real community of people that really want to believe it. It reminds me a little bit of Trump supporters, they’ll believe you stole the election.

You could tell them anything. It’s like 9/11 conspiracy theories. There’s a little bit of that in crypto. They just don’t look at the truth sometimes.” – On why Ripple’s XRP has been on a tear. more...