Raoul Pal Says He’s Been Long XRP for Years. Here’s When and Price
Main Idea
Raoul Pal, a macro investor and former Goldman Sachs strategist, has held XRP since June 2021 at an entry price of $0.60, and the current price surge reflects his long-term conviction in the asset.
Key Points
1. Raoul Pal entered his XRP position on June 28, 2021, at $0.60, aligning with the market price of $0.64 at that time.
2. As of the report, XRP is trading at $3.27, representing a 5.5-fold gain from Pal's entry price.
3. Pal's long-term holding of XRP is based on macro-level analysis and belief in the asset's long-term utility.
4. The recent price surge is attributed to factors like waning SEC pressure and bullish technical patterns such as MVRV golden crosses.
5. Pal's position is seen as a strategic move, reinforcing XRP's validity as a long-term investment.
Description
Raoul Pal, macro investor, former Goldman Sachs strategist, and founder of Real Vision, recently clarified that he has held XRP since June 28, 2021, at a purported entry price of $0.60. The statement was made after referring to XRP as part of what he derisively described as a “moron trade.” He quickly corrected the statement by revealing the exact buying date, showcasing his commitment to transparency and highlighting the ability of experienced investors to balance market psychology with strateg...
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