Real Vision CEO Raoul Pal Gives Reasons for Holding XRP

[solodeji]

Raoul Pal, the chief executive officer of Real Vision, has recently shared the reason for holding Ripple’s digital token XRP and his opinion on the risk/reward ratio of the digital currency.

In an interview with Thinking Crypto, the former Goldman Sachs executive revealed that he bought a position in XRP about a year ago. He then pointed out that the primary reason for making the purchase was the lawsuit filed against Ripple by the United States Securities and Exchange Commission (SEC).

Raoul Pal noted:

“I bought it for the reason that A) It does have use cases and it is being used, and 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?”

https://timestabloid.com/real-vision-ceo-raoul-pal-gives-reasons-for-holding-xrp/

[Barefooter]

That was a great interview. Thinking Crypto is one of my favorite podcasts!

[jag216]

It was very interesting. I thought his ideas about investing in nature and natural resource preservation with crypto was a really solid insight - not everyone is going to be satisfied with ready player one style recreation.