Raoul Pal Announces His Forecast For The Outcome Of The Ripple-SEC Litigation! How Does It Affect XRP Price?

Former Goldman Sachs executive Raoul Pal said in a recent interview. on Ripple (XRP) He explained why he was “optimistic”.

Prior to that, Pal worked at Goldman Sachs, where he managed the European hedge fund sales business in Equities and Equity Derivatives. He is currently the CEO of Real Vision, the finance and business video channel, which he co-founded in 2014.

Raoul Pal Known as Bitcoin Friend

In the April 2020 issue of the GMI newsletter, Pal describes what he calls “the future”. of bitcoin He explained why he believed it could one day have a valuation of $10 trillion. In this issue, Pal said that the idea of ​​a $10 trillion valuation for Bitcoin isn’t all that crazy:

“After all, it’s not just a currency or a store of value. It is a reliable, verified, secure financial and accounting digital value system that could never be produced outside of a cryptographic algorithm… It is nothing but the future of our entire shopping system, the money itself and the platform on which it runs.”

As you may recall, on December 22, 2020, the SEC declared that “Ripple Labs Inc. and its two executives, who are also major securities holders, for allegedly raising more than $1.3 billion through an unregistered, ongoing digital asset security offering.

“I think the Ripple case will be positive”

During a “Ask Me Anything” session posted on the “Real Vision Finance” YouTube channel, Raoul had this to say about XRP:

“I’m a little long on XRP (bullish position). I think this is a special case and I think the case will be positive and it will rise… Actually, it’s a widely used protocol. If we use Metcalfe’s Law, it’s pretty good. The only problem is that Americans can’t invest in it because it’s been removed from the stock markets.

But generally speaking, it does what it’s supposed to do. It works as a means of payment. I have no problem with that. There’s a lot of activity on the chain, and Metcalfe Law prices it appropriately for where it’s at.”

*Not investment advice.