Fmr. Goldman Head Sees Lifetime Opportunity in XRP
Raoul Pal, CEO of Real Vision, revealed in an interview with John Deaton, founder of CryptoLaw and Ripple amicus brief lawyer, that he purchased XRP after the SEC filed a lawsuit against Ripple Labs. Pal referred to it as the opportunity of a lifetime due to the discounted price and the market limitations imposed by the lawsuit. Pal, who accurately predicted the U.S. mortgage crisis, has a strong belief in the long-term value of XRP tokens. He compared his investment in XRP to his entry into Solana (SOL) tokens, where he recognized real use cases and community activity despite a price drop during a crisis.
XRP Price Tied to Bitcoin’s Bull Run
Pal also mentioned that he doesn’t expect XRP to reach new highs until Bitcoin experiences its next multi-year bull run. He believes that altcoins like XRP and SOL will remain closely tied to Bitcoin’s macrocycle. Pal predicts that around 2025, when alt seasons kick in, there will be a significant surge in prices across the board. He even suggests that this could be an adoption cycle where everything rises simultaneously. This aligns with the bullish sentiment among analysts who anticipate positive short-term prospects for XRP.
Hot Take: XRP Holds Promise for Patient Investors
Despite ongoing legal battles between Ripple Labs and the SEC, long-term investors in XRP have displayed remarkable patience and resilience. Raoul Pal, former Goldman Sachs executive and CEO of Real Vision, saw an opportunity of a lifetime when he purchased XRP during the SEC lawsuit. He remains confident in the fundamental value of XRP tokens and expects their price to rise along with Bitcoin’s next bull run. Pal’s insights suggest that patient investors may be rewarded in the long term. Analysts also express optimism about XRP’s short-term prospects, indicating potential opportunities for those interested in the cryptocurrency.
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