RATE Group | Bitcoin ‘Best Bet’ in Crypto, XRP Will ‘Underperform’ — Mike Novogratz
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Bitcoin ‘Best Bet’ in Crypto, XRP Will ‘Underperform’ — Mike Novogratz

06 Feb Bitcoin ‘Best Bet’ in Crypto, XRP Will ‘Underperform’ — Mike Novogratz

Posted at 22:42h in Bitcoin News by

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Controversial altcoin XRP is still “proving” itself, but Bitcoin (BTC) remains the recommended investment choice in the cryptocurrency world, Mike Novogratz says.

In a series of tweets on Feb. 6, venture capitalist Novogratz, who is also CEO of the cryptocurrency merchant bank, Galaxy Digital, delivered modest praise of XRP and Ripple, the company which owns more of it than anyone else.

Novogratz “surprised” by XRP performance

“This year the broader alt market, including $XRP has outperformed $BTC.  This has surprised me,” he wrote.   

“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.”

Novogratz was posting a day after making thinly-veiled criticism of XRP and Ripple at TD Ameritrade’s National LINC 2020 conference in Florida. 

Forecasting XRP would “underperform immensely” in 2020, his comments garnered criticism from Ripple, with…

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