Raoul Pal, a macro specialist and former Goldman Sachs executive, thinks the lawsuit against Ripple will be settled in Favour of the San Francisco payments startup.
Pal outlines his current position on the sixth-largest crypto asset by market capitalization in a new Real Vision Finance video.
“I’m lengthy a bit. I believe it is a unique circumstance, and I believe the court matter will be settled favourably, leading to an increase.”
It is a very common protocol. According to Metcalfe’s Law, it’s fairly good. The main drawback is that Americans cannot invest in it since it was removed from the exchanges.
“In general, though, it performs its intended function. It functions as a money transfer. I have no objections to it. There is a great deal of on-chain activity, and Metcalfe’s Law rates it correctly.”
In late January 2020, the SEC filed its first lawsuit against Ripple, alleging that the payments company was selling XRP as unregistered securities. At the time of writing, the price of XRP is $0.518, an increase of almost 6% in the last 24 hours. Regarding the decentralized finance (DeFi) market, Pal claims to possess two prominent crypto identities.
“I’m not a huge DeFi guy. I am not a high-yield investor. However, I examine the chart. I possess some Uniswap. I possess some Aave. They are very excellent.” Uniswap (UNI) is now valued at 6.79%, while Aave (AAVE) is trading at $75.76.
In addition to XRP, UNI, and AAVE, Pal has said in the past that he possesses Ethereum (ETH), the top smart contract platform, and a collection of the greatest crypto assets by market value.
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