Mike Novogratz: XRP and Cardano Need to Prove Their Values

Novogratz: Fan Bases Are Not Enough

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

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