Active XRP Investor Says Novogratz Was Bluffing Saying XRP Would Underperform Again This Year

📰 News
Wed, 02/05/2020 - 18:40
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • {{ content.field_content_author|field_value|getauthorname|raw }}

    Head of Galaxy Digital believes that XRP will fail to perform well this year, however, a startup investor and an XRP lover says Novogratz was misunderstood

Cover image via medium.com

As reported by CoinDesk, during the TD Ameritrade National LINC 2020 conference, Mike Novogratz (the head of Galaxy Digital) stated that Ripple’s XRP would ‘underperform this year again’.

He said it in a closed session, however, CoinDesk managed to access a recording from one of the participants.

Commenting on that piece of news, Eric Dadoun, an early stage  startup investor and an obvious XRP proponent, said that perhaps Mike Novogratz did not mean exactly what he said or had something else on his mind.

The thing is that Novogratz’s Galaxy Digital is a Ripple investor. However, he believes that XRP will again underperform this year.

This is what Dadoun tweeted about this:

Anyone taking this seriously has lost the plot.
His fund is a large investor in #Ripple. I’m not saying he is manipulating but he isn't stupid and discrediting the asset that his major portfolio piece is building around likely isn’t all there is to the story.

 

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
A Severe Ethereum (ETH) Correction is Expected by Traders After 125% Rally: Here's Why

A Severe Ethereum (ETH) Correction is Expected by Traders After 125% Rally: Here's Why

50 Mln XRP Sent Between Large Crypto Exchanges, Japanese Bitbank Involved

50 Mln XRP Sent Between Large Crypto Exchanges, Japanese Bitbank Involved

JP Morgan Blockchain Report: Bitcoin (BTC) Price, Stablecoins, Payments

JP Morgan Blockchain Report: Bitcoin (BTC) Price, Stablecoins, Payments