Ex-Goldman Sachs Executive Says He’s Long XRP After Pouncing on ‘Opportunity of a Lifetime’

Former Goldman Sachs executive Raoul Pal says he’s betting on XRP.

In a new interview with attorney John Deaton, the Real Vision chief executive says he bought the asset after the U.S. Securities and Exchange Commission (SEC) sued Ripple and claimed XRP was an unregistered security.

“When you see something like that, it’s like, ‘Okay, now the price has been massively discounted. We know it’s a real thing, half the people have been shut out of the market, this is the opportunity of a lifetime.’ So that’s when I bought it. And I’ve held it ever since.”

Pal says he bought XRP for the same reason he purchased Ethereum (ETH) challenger Solana (SOL).

“The crisis arrives. The price gets absolutely smashed, but I can see that there is a vibrant community with real use cases of the chain going on. It’s not ghost use, it’s real use, so in which case, time to put your capital at work. Simple as that.”

XRP, the fifth-ranked crypto asset by market cap, is trading at $0.627 at time of writing.

SOL is trading at $71.65 at time of writing. The sixth-ranked crypto asset by market cap is up more than 5% in the past 24 hours.

I

Generated Image: DALLE3