Former Goldman Sachs executive Raoul Pal said he is betting on XRP.
Real Vision’s CEO said in a new interview with attorney John Deaton that he purchased the asset after the U.S. Securities and Exchange Commission (SEC) sued Ripple and claimed that XRP was an unregistered security.
“When you see something like that, you think, ‘Oh, now the price has been drastically discounted.’ We know it’s real. Half of the people are excluded from the market. This is the opportunity of a lifetime.’ So I bought it then. And I’ve kept at it ever since.”
Pal said he purchased XRP for the same reason he purchased Ethereum (ETH) challenger Solana (SOL).
“A crisis has arrived. The pricing is completely out of whack, but you can see that there is an active community with real-world use cases for the chain going on. That’s real use, not ghost use, so if that’s the case, it’s time to put in the capital. “It’s as simple as that.”
XRP, the 5th largest cryptocurrency asset by market capitalization, is trading at $0.627 at the time of this writing.
SOL is trading at $71.65 at the time of this writing. The sixth-largest cryptocurrency asset by market capitalization is up more than 5% in the last 24 hours.
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