Mike Novogratz: XRP and Cardano Need to Prove Their Values

Novogratz: Fan Bases are Not Enough

Mike Novogratz stated that crypto assets like XRP and Cardano (ADA) have a strong fan base, but he emphasized that the adoption of these tokens is still weak. Novogratz expressed that these assets need not only fans but also real usage advantages.

One particularly noteworthy point is Novogratz's assertion that tokens other than Bitcoin will be evaluated based on criteria such as revenue, usage, and measurable value, similar to traditional business models. This situation may enable investors to make more informed decisions about which assets to invest in.