Earlier this week, Real Vision CEO Raoul Pal offered a detailed analysis on the future of the crypto industry, and the state of XRP in particular, in a fascinating interview with lawyer John Deaton. This enlightening conversation was brought to viewers online via CryptoLawTV’s YouTube channel.
John Deaton and Raoul Pal discussed the future trajectories of cryptocurrencies, focusing on important issues in the industry. Pal’s confident and logical approach to the turbulent crypto market provided viewers with insights into possible future scenarios.
One point that stands out is Raoul Pal’s perspective on cryptocurrencies. Pal emphasized the importance of cryptocurrencies being more than just an investment tool, the existence of a vibrant community and real-world applications. This approach emphasizes that the crypto world should not only focus on price fluctuations, but also on technological innovations and projects that provide tangible benefits.
Raoul Pal’s strategy involves investing in assets that provide long-term tangible benefits, regardless of market conditions. One of the main reasons behind Pal’s acquisition of XRP, especially amid the SEC’s lawsuit against Ripple, is that this digital asset has a solid connection to real-world applications.
Pal emphasizes that Ripple and XRP have significant benefits and are poised to take over trillion-dollar markets by providing millions of people with access to financial services. According to Pal, XRP will outperform most of its competitors in the near future. Pal called XRP the ‘opportunity of a lifetime’:
“When you see something like this, you think, ‘Okay, now the price has been drastically reduced. We know this is a real thing, half the people have been excluded from the market, this is the opportunity of a lifetime.’ That’s when I bought it. And I’ve held it ever since.”
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Expanding Market Reach of Ripple (XRP)
On the other hand, there has recently been an important development regarding Ripple Payment, Ripple’s latest offering that revolutionizes cross-border payments. Ripple has expanded its global reach to over 70 markets. Additionally, Ripple Payments has developed integrations with XRP Ledger’s native decentralized exchange (XRPL DEX). This development aims to increase product performance and market accessibility by using global liquidity options.
Such advances underscore why organizations like Goldman Sachs see XRP as an “opportunity of a lifetime” despite ongoing legal proceedings with the SEC.
You can follow the current price movement here.
Source : crypto news flash