A former executive from Goldman Sachs recently shared on a podcast that he has a positive outlook on Ripple and has held onto his XRP tokens since the time when the SEC initially sued Ripple Labs.
Despite the ongoing legal battle with the SEC, long-term XRP investors have demonstrated impressive patience and resilience. Ripple Labs has secured several victories against most of the SEC’s charges this year, but the legal dispute continues as they contest the amount of the financial penalty imposed by the regulator.
Raoul Pal’s Bold Move: Seizing the XRP Opportunity
Real Vision CEO Raoul Pal, renowned for predicting the U.S. mortgage crisis of 2008-2009, shared insights in a recent interview with John Deaton, founder of CryptoLaw and a Ripple amicus brief lawyer. Pal revealed that he made the strategic decision to purchase XRP after the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs in December 2020.
In Pal’s view, the lawsuit created a unique opportunity as the price of XRP had undergone a significant discount. He recognized it as a real and undervalued asset, especially with the market dynamics limiting access for many participants. Pal referred to this move as the “opportunity of a lifetime” and has held his XRP investment ever since.
Having served as the co-head of European hedge fund sales in equities and equity derivatives at Goldman Sachs in London, Pal’s track record in financial foresight adds weight to his strategic play in the XRP market. His bold move reflects confidence in the long-term potential of XRP, even amid the challenges posed by the SEC lawsuit.
Raoul Pal’s Long-Term Confidence in XRP and SOL
Real Vision CEO Raoul Pal, expressing his belief in the enduring fundamental value of XRP tokens, shared insights during an interview with John Deaton. Pal, known for his strategic investment decisions, explained that he applied a similar logic when entering the market for Solana (SOL) tokens. Assessing the situation during a crisis, he noted the resilience and real-world utility within vibrant communities, motivating him to deploy capital.
Pal’s perspective on Ripple tokens aligns with his stance since Judge Analisa Torres’ ruling in July, asserting that Ripple tokens are not securities. He holds the view that XRP’s price won’t reach new highs until Bitcoin undergoes its next multi-year bull run. Pal’s thesis emphasizes the interconnection between altcoin market prices, like XRP and SOL, and the broader Bitcoin macrocycle.
Looking ahead, Pal anticipates an alt season kick-in around 2025 during the macro-cycle, foreseeing a substantial rise across the board. He emphasizes the possibility of an “Everything, Everywhere, All at Once adoption cycle,” placing the odds higher than 20%.
Meanwhile, current market sentiment leans towards bullish for XRP in the short term, with analysts detecting signs of a potentially bullish pattern in its price. As Pal maintains his long-term confidence in XRP and SOL, his strategic approach remains rooted in assessing fundamental value and market dynamics during times of crisis.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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