Galaxy Digital CEO Mike Novogratz warns that XRP’s value hinges on community narrative as markets shift towards tokens resembling real businesses. He questions Ripple and Cardano’s ability to maintain momentum against competition. Novogratz predicts a shift towards tokenized real-world assets, separating assets like XRP into utility-based evaluation.

Novogratz highlights the sensitivity of crypto markets to broader tech markets, warning of potential dips if the Nasdaq falters. He notes year-end conditions can exaggerate volatility. He emphasizes the importance of tokenization and real-world asset movement on blockchain rails, reshaping investor expectations. Novogratz predicts a shift by 2026 towards using blockchain for real-world assets.

Novogratz expects global distribution of tokenized assets to either benefit or challenge ecosystems like XRP based on real utility. He underscores the belief in privacy and cutting out intermediaries. The article was originally published by TheStreet on Dec 27, 2025, in the MARKETS section.

Read more at Yahoo Finance: Billionaire hedge fund manager sends harsh warning on XRP