So, The Real Vision chief executive Raoul Pal confirms he’s a string holder of XRP. Also, He considers it as an asset’s risk/reward ratio.
Furthermore, The former Goldman Sachs executive, Raoul Pal while in an interview with Thinking Crypto. Of course, goes on to declare he has a position of XRP since a year ago. This discussion is from the recent U.S. Securities and Exchange Commission’s (SEC) lawsuit against the payments company Ripple
So, Raoul Pal explains.
“I bought it for the reason that A) It does have use cases and it is being used, and B).. “
“The court case is a phenomenal risk/reward.”
“It got heavily discounted in the price, and then I looked at it and thought,”
“‘Well, what’s it going to do? Fall 100% from here to zero? But if it gets solved, it’s [up] 10x.’”
“And I’m like, ‘Well that’s a no-brainer.’”
“Why would you not take a 10-1 risk/reward that has a catalyst around it?”
Then, Raoul Pal concludes.
More so, The SEC charges against Ripple claims the payments company sold XRP as an unregistered security during its launch. Meanwhile, the SEC maintains that XRP remains a security to this day.
However, Raoul Pal notes this is his major stake on the Crypto.
“It’s all about this court case, right? Because the price can’t go anywhere”
“– it got delisted from everywhere. It can’t go anywhere until it’s resolved,..”
“because the richest, most powerful country on Earth is not allowed easily to invest in it.”
Additionally, Ripple chief executive Brad Garlinghouse notes sometime last month that he expects the issue to end next year.
Currently, XRP trades at $0.814366, indicating about -0.86% decline in the past 24 hours.
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