Mike Novogratz, the CEO of Galaxy Investment Partners, has one thing to say about the XRP Army: they’ve proven that community is an economic force. Mike admitted that crypto’s most rabid fanbases, like XRP’s, have completely changed how investors view value.
For him, it’s not about earnings or margins anymore. It’s about who can build the loudest, most die-hard community willing to defend their asset at all costs. And if you’re looking for a textbook example of that, Mike says you don’t need to search beyond XRP.
In a podcast interview, Mike said, “You bought Pepsi because a lot of people bought Pepsi. But now, in crypto, it’s different. Community itself drives value, and XRP proves that.”
He pointed out how one minor negative tweet about XRP once got him “death threats” from the enraged supporters.
How XRP’s community outmuscles traditional market logic
Mike compared the XRP Army to Tesla’s fanbase, which boosted the company into meme-stock status long before it became the electric vehicle giant it is today. Back then, Wall Street analysts kept saying Tesla’s valuation didn’t make sense, but the community behind it didn’t care.
For years, Ripple’s token has been a battleground between its die-hard fans and its harshest critics. Even when Ripple was sued by the SEC, XRP’s supporters didn’t back down. Instead, they fought harder, spreading their message across every single social media platform out there, from Twitter to Instagram and even TikTok, where they created hashtags, posted memes, and promoted Ripple’s vision of making cross-border payments cheap, fast, and accessible to everyone.
That obsession with community-driven value has spread beyond XRP. We’ve got meme coins like Dogecoin and Pepe, whose initial surges were treated as jokes, but have now both become staples in the crypto market. “We thought this was temporary,” Mike admitted. “But man, oh man, it’s been going on for at least five years.”
Mike doesn’t think this behavior is limited to crypto, though. He pointed out that even Wall Street has been forced to take note. Meme stocks like GameStop and AMC showed how online communities could disrupt markets overnight.
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
