XRP Has Great Risk-Reward Ratio, With 10x Price Rise Likely: Macro Guru Raoul Pal

0 2

Raoul Pal is saying that global payments asset XRP has a great risk-reward ratio despite a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). 

In a new interview on Savvy Finance, the CEO of Real Vision and Global Macro Investor shares why he remains bullish on the crypto asset.

ADVERTISEMENT


 

“XRP is a great risk-reward. The lawsuit – we’ve seen every lawsuit, every single one has been fine. Everybody’s actually cleared up after the event anyway and these events were a while ago. Bitmex, that’s happening, we’re going to see all of these, so I think it’s going to be a slap on the wrist that it could look like a security, there’ll be no admission of guilt on either side, there’ll be a payment of a fine and then XRP is free to run.”

The former Goldman Sachs executive also identifies factors that will help drive up the price of the coin. 

“What’s interesting about XRP is there is quite a lot of use cases. Now, I know the bunch of Bitcoin people hate it– it’s not decentralized enough, I don’t care. Are people using it? Yes, a lot more than most people realize, and what’s amazing about this setup is you can’t buy on any of the exchanges and it’s not in the Bitwise ETF.  

“The Bitwise ETF is now a billion of the Bitwise index. The top 10 index is a billion dollars, so the moment XRP is free, they have to buy a few hundred million dollars in it as everybody else can because the exchanges will have it back, so you’re setting up for a hell of a nice run if this clears up.”

Pal says it is still worth betting on XRP despite the possibility of Ripple losing in its legal battle with regulators. 

“Worst case it doesn’t? Worst case is, let’s say, 50% downside, best case is 10x from here, so I’ll take a 50 to 1 risk-reward for the next three to six months.”

[embedded content]

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix 

ADVERTISEMENT


 

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Fer Gregory

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 61,748.00
ethereum
Ethereum (ETH) $ 3,948.53
binance-coin
Binance Coin (BNB) $ 482.11
cardano
Cardano (ADA) $ 2.23
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.15
solana
Solana (SOL) $ 160.88
polkadot
Polkadot (DOT) $ 43.84
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239060
terra-luna
Terra (LUNA) $ 38.00
uniswap
Uniswap (UNI) $ 26.72
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 61,789.00
litecoin
Litecoin (LTC) $ 191.12
binance-usd
Binance USD (BUSD) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000026
chainlink
Chainlink (LINK) $ 27.67
avalanche-2
Avalanche (AVAX) $ 57.26
bitcoin-cash
Bitcoin Cash (BCH) $ 634.38
algorand
Algorand (ALGO) $ 1.80
matic-network
Polygon (MATIC) $ 1.54
cosmos
Cosmos (ATOM) $ 33.74
stellar
Stellar (XLM) $ 0.385094
vechain
VeChain (VET) $ 0.121273
internet-computer
Internet Computer (ICP) $ 45.53
axie-infinity
Axie Infinity (AXS) $ 127.08
filecoin
Filecoin (FIL) $ 68.34
tron
TRON (TRX) $ 0.100858
ethereum-classic
Ethereum Classic (ETC) $ 54.89
dai
Dai (DAI) $ 1.00
ftx-token
FTX Token (FTT) $ 57.48
compound-ether
cETH (CETH) $ 79.28
theta-token
Theta Network (THETA) $ 6.26
tezos
Tezos (XTZ) $ 7.05
hedera-hashgraph
Hedera (HBAR) $ 0.376076
staked-ether
Lido Staked Ether (STETH) $ 3,924.44
fantom
Fantom (FTM) $ 1.99
elrond-erd-2
Elrond (EGLD) $ 246.48
monero
Monero (XMR) $ 271.74
crypto-com-chain
Crypto.com Coin (CRO) $ 0.193307
pancakeswap-token
PancakeSwap (CAKE) $ 20.01
eos
EOS (EOS) $ 4.66
okb
OKB (OKB) $ 16.73
near
Near (NEAR) $ 8.11
klay-token
Klaytn (KLAY) $ 1.65
cdai
cDAI (CDAI) $ 0.021756
the-graph
The Graph (GRT) $ 0.835393
aave
Aave (AAVE) $ 307.96
ecash
eCash (XEC) $ 0.000211
quant-network
Quant (QNT) $ 295.37
compound-usd-coin
cUSDC (CUSDC) $ 0.022342
iota
IOTA (MIOTA) $ 1.31
bitcoin-cash-abc-2
Bitcoin Cash ABC (BCHA) $ 192.17
bitcoin-sv
Bitcoin SV (BSV) $ 172.92
kusama
Kusama (KSM) $ 357.25
neo
NEO (NEO) $ 45.32
waves
Waves (WAVES) $ 30.40
olympus
Olympus (OHM) $ 1,055.74
arweave
Arweave (AR) $ 55.10
terrausd
TerraUSD (UST) $ 1.00
leo-token
LEO Token (LEO) $ 2.90
amp-token
Amp (AMP) $ 0.052850
huobi-btc
Huobi BTC (HBTC) $ 61,253.00
harmony
Harmony (ONE) $ 0.228440
bittorrent-2
BitTorrent (BTT) $ 0.003695
celsius-degree-token
Celsius Network (CEL) $ 5.74
maker
Maker (MKR) $ 2,617.72
sushi
Sushi (SUSHI) $ 11.32
thorchain
THORChain (RUNE) $ 8.27
helium
Helium (HNT) $ 21.62
blockstack
Stacks (STX) $ 1.99
dash
Dash (DASH) $ 196.55
omisego
OMG Network (OMG) $ 14.38
compound-governance-token
Compound (COMP) $ 325.57
celo
Celo (CELO) $ 6.01
chiliz
Chiliz (CHZ) $ 0.329556
havven
Synthetix Network Token (SNX) $ 9.99
magic-internet-money
Magic Internet Money (MIM) $ 1.00
ecomi
ECOMI (OMI) $ 0.007670
holotoken
Holo (HOT) $ 0.009369
decred
Decred (DCR) $ 121.64
nem
NEM (XEM) $ 0.175979
theta-fuel
Theta Fuel (TFUEL) $ 0.290593
enjincoin
Enjin Coin (ENJ) $ 1.66
zcash
Zcash (ZEC) $ 126.74
icon
ICON (ICX) $ 2.07
xdce-crowd-sale
XDC Network (XDC) $ 0.112287
qtum
Qtum (QTUM) $ 12.94
dydx
dYdX (DYDX) $ 22.96
true-usd
TrueUSD (TUSD) $ 1.00
yearn-finance
yearn.finance (YFI) $ 35,996.00
telcoin
Telcoin (TEL) $ 0.022000
zilliqa
Zilliqa (ZIL) $ 0.099405
bitcoin-gold
Bitcoin Gold (BTG) $ 70.56
huobi-token
Huobi Token (HT) $ 7.60
iostoken
IOST (IOST) $ 0.053052
flow
Flow (FLOW) $ 17.20
curve-dao-token
Curve DAO Token (CRV) $ 2.99
mina-protocol
Mina Protocol (MINA) $ 4.25
spell-token
Spell Token (SPELL) $ 0.017196