Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Cryptocurrency
  • News
  • Ripple (XRP)

Michael Novogratz Clears the Air about His XRP Comment to Make Peace with Ripple CEO

Tobi Loba February 6, 2020 3 min read
Michael Novogratz Clears the Air about His XRP Comment to Make Peace with Ripple CEO

Michael Novogratz, the Galaxy Digital CEO has in a series of tweets elaborated on his trending negative comment regarding the price trend of XRP in 2020 to make peace with the Ripple CEO Brad Garlinghouse.

Some hours ago, the CEO of Galaxy digital was in a conversation with a roomful of financial advisers, there he specifically pointed out that the digital token XRP will have another lackluster year in 2020.


trade now

After which the comment was published by the major crypto news outlet, Coindesk. It also became a trending topic on other crypto channels and social platforms.

Ripple CEO Brad Garlinghouse Reacts to Michael Novogratz

Due to the possible effect and the FUD that could rise from the trending comment, the Ripple CEO, Brad Garlinghouse took to Twitter a couple of hours ago to refute Michael Novogratz’s negative prediction about the possible price trend of XRP this year.

In two consecutive tweets, Ripple CEO stressed the outstanding performance of XRP in 2020. He claimed that the digital currency has outperformed Bitcoin (BTC) and the broader crypto market in 2020.

Also..this is the same guy that said bitcoin will go to 20K in 2019 ‾_(ツ)_/‾ #notNostradamus

He did predict Tom Hanks would win an Oscar for Mr. Rogers – maybe this is the prediction he’ll get right? Personally voting for Brad Pitt though!

— Brad Garlinghouse (@bgarlinghouse) February 5, 2020

He went ahead to taunt the Galaxy Digital CEO, Michael Novogratz by mentioning some of his past predictions that have failed to come to pass, especially when he predicted that Bitcoin (BTC) is destined to hit $20,000 by the end of 2019.

“He said, Also..this is the same guy that said bitcoin will go to 20K in 2019… He did predict Tom Hanks would win an Oscar for Mr. Rogers – maybe this is the prediction he’ll get right? Personally voting for Brad Pitt though!”

Michael Novogratz Elaborates On His Trending Negative Comment about XRP

Michael Novogratz came out a few minutes ago to clear the air regarding the trending negative comments about XRP in a series of tweets. There he revealed that Galaxy Digital is a big investor in Ripple Labs and that Ripple’s success is beneficial to him.

Read his detailed comments below:

GLXY is a big investor in Ripple Labs. I would like to see them do well. Brad Garlinghouse has done a great job as CEO. I commented the XRP tokens underperformed BTC last year because Ripple owns a lot of them. I have been almost solely long BTC for the past 15 months.

This year the broader alt market, including XRP has outperformed BTC. This has surprised me. That said, I see more and more large accounts getting educated and set up to be accumulators of BTC and believe on a risk-adjusted basis it’s the best place to bet on crypto.

BTC has found a place as a weapon in macro portfolios as digital gold – a hard asset. All other cryptocurrencies are venture bets and will only have lasting value if they become a product that is useful. ETH might be the trust level people build on. If it does, it’s a great bet.

XRP and many other cryptos, like ETH are still in the ‘proving’ phase. They aren’t going to succeed as solely a store of value as BTC has taken that lane. XRP does have its own fervent community (largely in Asia) but has a large supply to absorb (some 57 percent or so).

The price of XRP will be determined like all prices. If there are more buyers than sellers (and the company has a lot of control here) the price will rise. The company needs to distribute in a rational way at the same time building a real and scalable use case. I hope they do.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Automated Parking Payments Using IOTA (MIOTA) in Braunschweig, Germany
Next: Bitcoin Price: This Breakout could lead to the Biggest in BTC’s History –Popular Chartist Hints

Related Stories

North Korean Hackers Target Crypto Users With Fake Job Offers – Report
2 min read
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

North Korean Hackers Target Crypto Users With Fake Job Offers – Report

January 31, 2023
Kin Foundation Develops a Solana-Based Application Kinetic for Developers
2 min read
  • Cryptocurrency
  • News
  • Solana (SOL)
  • Technology

Kin Foundation Develops a Solana-Based Application Kinetic for Developers

January 31, 2023
Deribit Exchange Considers Moving To Dubai JETbitX assets
3 min read
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Metaverse
  • News
  • Regulation

Deribit Exchange Considers Moving To Dubai

January 31, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,159.00
0.21%
ethereum
Ethereum (ETH)
$1,592.54
0.72%
tether
Tether (USDT)
$1.00
0.14%
usd-coin
USD Coin (USDC)
$1.00
0.11%
binancecoin
BNB (BNB)
$312.81
1.19%
ripple
XRP (XRP)
$0.407227
1.29%
binance-usd
Binance USD (BUSD)
$1.00
0.19%
cardano
Cardano (ADA)
$0.388682
2.04%
dogecoin
Dogecoin (DOGE)
$0.096145
8.51%
polkadot
Polkadot (DOT)
$6.29
0.16%

Recent Posts

  • North Korean Hackers Target Crypto Users With Fake Job Offers – Report
  • Kin Foundation Develops a Solana-Based Application Kinetic for Developers
  • Deribit Exchange Considers Moving To Dubai
  • Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report
  • Charles Hoskinson’s Health Clinic Will Support ADA Payments
  • Celsius Diverted Customer Funds to Settle Withdrawals
  • Bitcoin and Ethereum Prices Drop as Market Prepares for Fed Rate Hikes
  • SEC Commissioner Wants Consistent Legal Framework For All Digital Assets
  • Binance Team Up with MasterCard to Introduce Prepaid Crypto Card in Brazil
  • Norway Emerges Europe’s Largest Crypto Mining Hub
  • BlockFi Receives Court Approval To Pay $10M Bonus To Staff
  • Windsor Brokers Review – Is Windsor Brokers Scam or a Proper Broker?
  • The White House Calls For Public Opinion Over Proposed Crypto Policy
  • Investors Take Legal Action Against Argo Blockchain
  • DeFi Protocol OracleSwap Says Its Private Keys Have Been Compromised

Categories

You may have missed

North Korean Hackers Target Crypto Users With Fake Job Offers – Report
2 min read
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

North Korean Hackers Target Crypto Users With Fake Job Offers – Report

January 31, 2023
Kin Foundation Develops a Solana-Based Application Kinetic for Developers
2 min read
  • Cryptocurrency
  • News
  • Solana (SOL)
  • Technology

Kin Foundation Develops a Solana-Based Application Kinetic for Developers

January 31, 2023
Deribit Exchange Considers Moving To Dubai JETbitX assets
3 min read
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Metaverse
  • News
  • Regulation

Deribit Exchange Considers Moving To Dubai

January 31, 2023
Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report
2 min read
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • On-chain Data & Analysis
  • Regulation
  • Scam / Hack

Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report

January 31, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%