coinputin.com – Renowned economist and former Goldman Sachs hedge fund manager Raoul Pal said Ripple (XRP) had caught his eye.
Raoul Pal: Ripple (XRP) managed to get my attention
Recently, renowned economist Raoul Pal announced investments in Ethereum and Bitcoin. Following his announcement, the successful economist also expressed interest in Ripple (XRP). Raoul Pal adds the description for the issue:
TO BE HONEST, I’M WARMING UP TO XRP… NOW I HAVE A BASIC UNDERSTANDING. I’M NOT THE OWNER.
Raoul Pal makes harsh remarks, referring to XRP comments that came to him via Twitter. Raoul Pal adds the description for the issue:
IF SOMEONE TELLS ME NOT TO LOOK AT RIPPLE, I’LL GO LOOK AT RIPPLE… BECAUSE YOU WON’T TELL ME WHAT TO DO. AND I WILL FIND OUT FOR MYSELF WHAT ITS FLAWS AND POTENTIAL BENEFITS ARE AND EVALUATE THE POSSIBILITY MYSELF. I CAN COME TO EXACTLY THE SAME CONCLUSIONS AS YOU. I CAN COME TO COMPLETELY DIFFERENT CONCLUSIONS.
Successful economist: there could be big opportunities in Ripple…
Raoul Pal says investors should make level and independent decisions about investment opportunities and always analyse whether the market underestimates the potential of a particular asset. Raoul Pal adds the description for the issue:
I DON’T OWN RIPPLE. I’M NOT GETTING INTO THAT FIGHT. BUT SUPPOSE THERE’S A 10% CHANCE IT’LL TURN INTO SOMETHING BIGGER, BUT THE WHOLE MARKET GIVES IT A HALF A PERCENT CHANCE. THIS MISALIGNMENT IN THE RISK REWARD IS A HUGE OPPORTUNITY. THAT’S WHAT WE DO IN FINANCIAL MARKETS. WE HAVE TO STAY OPEN. YOU CAN’T TRADE IN FINANCIAL MARKETS AND SAY, ‘I’M JUST GOING TO TRADE WITH APPLE AND ALL THE OTHER COMPANIES ARE A FRAUD. THEY’RE NOT THAT GOOD BECAUSE THEIR PHONES AREN’T THAT GOOD.’ IT’S NOT CORRECT TO SAY THAT…. I MEAN, THIS IS RIDICULOUS. WHAT WE ARE LOOKING FOR IS OK, WHERE IS THE TREND CHANGE, WHAT IS THE BEST TOOL FOR EXPRESSING THIS VIEW, AND CAN I DIVERSIFY THIS VIEW, CAN I ADD SOMETHING TO THIS VIEW, CAN I CREATE ALPHA AROUND THIS VIEW?..
Ripple’s head of global corporate markets, Breanne Madigan, makes critical predictions for crypto markets, Bitcoin and XRP.
Raoul Pal: if you want to get rich, people will have to come to the market
Finally, Raoul Pal notes that macro investors often have a unique perspective on markets. The successful economist also urges crypto enthusiasts to be open-minded about what is needed to bring new money to the market. Raoul Pal adds the description for the issue:
THAT’S WHY I COME TO THIS AND I THINK ALL THE MACRO GUYS… WE JUST APPROACH IT DIFFERENTLY. AND I UNDERSTAND THAT SOME CRYPTO COMMUNITIES DON’T LIKE IT, BECAUSE IT MAKES US FEEL LIKE WE’RE ABUSING THIS SPACE. BUT AS I TALK ABOUT REGULATION, I UPSET PEOPLE WHEN I SAY REGULATION IS A GOOD THING. BUT IF YOU WANT TO GET RICH, PEOPLE WILL HAVE TO COME TO THE MARKET.