It was the best of times, it was the worst of times, and in the middle of all this, there was Raoul Pal, a man who knows a thing or two about the grand stage of finance. Former Goldman Sachs strategist, now a macro investor and the brain behind Real Vision, Pal has been holding onto XRP for a good four years, despite once labeling it a āmoron trade.ā But letās be clear, folks, when he said āmoron,ā he wasnāt throwing shade; he was just trying to describe the peculiar dance of retail investors in the early days of the crypto circus.
In one of his recent soliloquies, Pal laid out the landscape of the crypto world, dividing it into three acts: the safe, established layer-1 tokens he called āidiot-proof,ā the middle act of DeFi tokens, a bit trickier but still within reach, and then the final act, the āmoron trade,ā where the newbies would flock to the cheaper seats, buying low-priced tokens without much of a second thought. He assured everyone that the term was more about the behavior than the people, but it sure did make headlines.
But hereās the twist in our tale: Pal fessed up to having bought XRP back in 2021, when it was trading at a measly $0.60. Thatās right, heās been riding this roller coaster since June 28, 2021, a date he proudly shared, emphasizing his commitment to being as transparent as a clear mountain stream. He wanted to show that you can have your cake (market views) and eat it too (personal investments).
And what a ride itās been! Four years of holding tight, weathering storms, and watching the market fluctuate like a wild bronco. Today, XRP sits comfortably at around $3.15, marking a 5.5x return on investment. This surge isnāt just a fluke; itās a testament to improved regulatory clarity, the steady accumulation by whales, and a bullish technical outlook. With rising open interest in XRP futures and positive on-chain indicators, the future looks brighter than ever.
Through the ups and downs, including the long, dark night of the SECās legal battle, Palās unwavering faith in XRP has paid off handsomely. His story isnāt just about the numbers; itās about the message it sends to the crypto community. By staying the course, heās shown that patience and a bit of foresight can turn a once-dismissed āmoron tradeā into a solid, strategic investment.
For the XRP faithful, Palās journey is a beacon of hope. Itās a reminder that sometimes, the most ridiculed bets can become the most rewarding. In a market as unpredictable as a carnival game, discipline and vision are the keys to unlocking true value. And for Raoul Pal, that vision has turned into a goldmine. šš
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2025-08-12 16:28