Former Goldman Sachs Executive Reveals XRP Investment
Raoul Pal, a former executive at Goldman Sachs and CEO of Real Vision, recently shared that he is betting on XRP. In an interview with attorney John Deaton, Pal explained that he purchased the asset after the U.S. Securities and Exchange Commission (SEC) sued Ripple and alleged that XRP was an unregistered security.
Pal saw this as an opportunity to invest in XRP at a discounted price, considering that half of the market was shut out due to the SEC lawsuit. He stated that he has held onto his XRP investment ever since.
Pal also revealed that he bought XRP for similar reasons as Solana (SOL), which is a challenger to Ethereum (ETH). He mentioned that during times of crisis when prices are significantly reduced, but there is still a vibrant community using the blockchain with real use cases, it’s the right time to invest.
XRP and SOL Market Prices
At the time of writing, XRP is trading at $0.627, making it the fifth-ranked cryptocurrency by market cap. On the other hand, SOL is trading at $71.65 and is ranked sixth by market cap, showing a more than 5% increase in the past 24 hours.
Hot Take: Raoul Pal Sees Opportunity in XRP
Raoul Pal, a former Goldman Sachs executive and CEO of Real Vision, has revealed his investment in XRP. He took advantage of the discounted price after the SEC filed a lawsuit against Ripple, claiming that XRP was an unregistered security. Pal believes this presented him with an opportunity of a lifetime. He compared his investment strategy with Solana, stating that during times of crisis when prices drop significantly but there is still a thriving community using the blockchain, it’s the perfect time to invest. XRP is currently ranked fifth by market cap, while SOL holds the sixth position.