Galaxy Digital Questions XRP and Cardano’s Utility Amid Strong Communities

Galaxy Digital Questions Crypto Sustainability

Galaxy Digital's CEO Mike Novogratz and Head of Research Alex Thorn discussed crypto sustainability in a YouTube video, focusing on 2026 expectations.
They questioned the long-term viability of XRP and Cardano, suggesting that strong communities might not suffice without real usage.
Novogratz highlighted the need for crypto assets to compete with other investment options, such as SpaceX.
He emphasized that loyalty from communities like those of Cardano and XRP might wane without demonstrated utility.

Novogratz noted the importance of demonstrating usage and value flows in blockchain ecosystems.
Both Cardano and XRP are working to prove their utility:
Cardano is developing Midnight, a privacy-focused sidechain aimed at enterprise compliance.
XRP is enhancing its utility through Ripple's efforts, including the expansion of Ripple USD (RLUSD) and partnerships for yield infrastructure and asset tokenization.
Ripple has invested around $4 billion in acquisitions to strengthen the XRP ecosystem.