CEO of Real Vision’s XRP Investment Strategy
Raoul Pal, the CEO of Real Vision, a finance company, recently discussed his investment strategy in XRP and his views on the cryptocurrency in an interview with Pro XRP Lawyer, John Deaton. Pal revealed that he was influenced to invest in XRP after a conversation with a friend who provided a different perspective on its value. He explained that he bought a significant amount of XRP tokens after the court case between Ripple and the SEC. The court case took a turn when the judge ruled that programmatic sales of the token were not considered securities. Pal saw this as an opportunity to make a great investment, especially when the price of XRP dropped.
Raoul Pal Sheds Light On 2024 Altcoin Season
In the interview, Raoul Pal also shared his thoughts on the potential impact of the Bitcoin bull run on major altcoins like XRP and Ethereum. When asked if these tokens would decouple from the Bitcoin cycle, Pal responded with a firm “No.” He explained that the altcoin market usually follows the Bitcoin cycle as risks associated with Bitcoin investments decline amid bullish sentiments. Pal referred to this phase as the “Alt season,” where all assets go up and down in a four-year cycle. He predicted that high-quality tokens would experience growth first during this period, leading to an overall surge in prices by 2025.
Hot Take: Raoul Pal’s Strategic XRP Investments and Insights into Altcoin Season
Raoul Pal, CEO of Real Vision, has revealed his investment strategy in XRP and his predictions for the upcoming altcoin season. Influenced by a friend’s perspective, Pal invested heavily in XRP after the court case between Ripple and the SEC. He saw this as an opportunity to buy the discounted cryptocurrency. Additionally, Pal shared his thoughts on the relationship between Bitcoin and altcoins, stating that altcoins like XRP and Ethereum would not decouple from the Bitcoin cycle. He explained that the altcoin market follows the Bitcoin cycle, and as risks decrease, an “Alt season” begins, leading to a surge in prices. Pal’s insights provide valuable perspectives for crypto investors.
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