“Well, that’s easy.” Why don’t you get the 10-1 risk reward with the catalyst around you? “
European Hedge Fund Sales – Former Head of Equity and Equity Derivatives Raulpal said in an interview that the SEC vs. Ripple case made XRP a very attractive investment.
The current founders of Global Macro Investor and Exponential Asia Set Management have spoken to Youtube Thinking Crypto about BTC, ETH, regulation, Metaverse, NFT and macro investment, but the risk / reward ratio of XRP is particularly highlighted. was.
Raoul Pal said he bought XRP about a year ago when the SEC proceedings were filed, and just for the proceedings.
“I bought it. The reasons are as follows: a) There are use cases and they are used. B) The proceedings are a phenomenal risk reward.”
He further elaborated on what he thought was the risk reward for XRP at the time, 10 to 1.
“The price has dropped significantly, so I looked at it and thought about it.’Well, what’s going on? Will it drop to 100% zero from here? But if that’s resolved, it’s 10 times.” , I’m like, “Well, that’s easy.” Why don’t you receive the risk / reward of 10-1 with catalysts around you? “
If Raoul Pal purchased XRP at the time of filing the proceeding, the cost of each XRP could range from $ 0.20 to $ 0.50. This was the price range from December 22, 2020 to early April 2021.
The r / r ratio at the current price (XRP is $ 0.90) is according to Raoul Pal’s calculation, as the proceedings are not closed and we assume that nothing will change in terms of risk / reward other than price. , Can still be a buying opportunity for investors. About $ 2 and $ 5 per unit.
The video is here (32:41)
The proceedings frustrated many investors along the way. Although the reconciliation shows no immediate signs, security judges Sara Netburn and Analisa Torres have been praised by many, including Ripple’s CEO Brad Garlinghouse.
Regarding the proceedings, Judge Netburn recently allowed the parties to re-report the privileges of the deliberative process, with the SEC refusing to hand over documents regarding the opinions of authorities on BTC, ETH, XRP and others. It is important for the defense of Ripple’s fair notification.
A few days ago, XRP holder lawyer John Deaton made a somewhat controversial statement about the post-procedural state of crypto space if Ripple wins, including that only BTC and XRP are secure.
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