Renowned economist and CEO of Real Vision, Raoul Pal, made positive comments about XRP, one of the popular and old altcoin projects, in a new interview. cryptocoin.com We share the details as…
Raoul Pal highlights the popular altcoin XRP: Risk/Reward asset!
The former Goldman Sachs executive said he bought XRP about a year ago, citing the US Securities and Exchange Commission’s (SEC) lawsuit against payments company Ripple as the primary factor. Besides pointing out that XRP has use cases and is used; considers it an extraordinary risk/reward asset as it is in court proceedings.
After the price experienced a serious drop, “Well, what will he do? Will it drop to zero from here?” expert name explaining what he thinks; He states that if the case is settled, the crypto is considering the probability that it could “10x” upwards. “Why not buy a 10 to 1 risk/reward asset that has a catalyst around it,” he adds.
Pal says the XRP bet is entirely dependent on the SEC case. He mentions that the price will not go anywhere, that XRP is delisted from most exchanges for the USA, and emphasizes that there will not be a big change in price until it is resolved. As we reported earlier, the legal battle between the US Securities and Exchange Commission and Ripple has been going on for almost a year. The US regulator has accused Ripple of selling XRP as an “unregistered security”. At the time of writing, XRP is changing hands at $0.88, up 6.5 percent.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.