Raoul Pal Holds XRP for Four Years Despite “Moron Trade” Comment
Raoul Pal, a macro investor and founder of Real Vision, has held XRP for over four years. He previously described it as part of a "moron trade," referring to retail buying behavior focused on cheaper tokens without proper analysis.
XRP Investment Insights
Key points from Pal's recent interview include:
- Pal categorizes crypto into three risk tiers: large established tokens, DeFi tokens, and low-cost speculative plays.
- He clarified his comment was not an insult but highlighted investor behavior in the market.
- Pal purchased XRP in June 2021 at approximately $0.60 and holds it currently valued around $3.15, yielding a 5.5x gain.
- The price increase is attributed to better regulatory clarity, whale accumulation, and positive technical indicators.
- His long-term holding strategy reflects confidence beyond short-term speculation amid legal challenges with the SEC.
Pal’s experience supports the view that strategic investments can be rewarding in the volatile crypto market, enhancing XRP's reputation as a viable long-term asset.
