Raul Pal, a macro expert and former Goldman Sachs executive, is bullish on XRP and believes the lawsuit against Ripple will settle in favor of the San Francisco payments firm.
In a new Real Vision Finance video, Pal explains his current stance on the sixth largest crypto asset by market cap.
“I’m a little long. I feel like it’s a special situation, and the trial is resolved positively and I’m going up…
This is a very commonly used protocol in practice. Pretty decent if you use Metcalfe’s Law. The only thing is that Americans cannot invest in it because it has been removed from exchanges.
But generally speaking, it does what it’s supposed to do. Acting as payment submission. No problem. There is a lot of activity on the chain and Metcalfe’s Law appropriately prices where it is.
The SEC first sued Ripple in late 2020, alleging that the payment company was selling XRP as an unregistered security. As of this writing, XRP is trading at $0.518 and he is up more than 6% in the last 24 hours.
Looking at the decentralized finance (DeFi) space, Pal says it has two big names in the crypto subsector.
I’m not a DeFi tycoon. I’m not a big yield person. But I look at the charts. Is good.
DeFi lending and borrowing protocol Aave (AAVE) is trading at $75.76 while decentralized exchange Uniswap (UNI) is currently valued at 6.79%.
In addition to XRP, UNI and AAVE, Pal previously said it holds the leading smart contract platform Ethereum (ETH) and the largest basket of crypto assets by market capitalization.
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