Raoul Pal Says He Invested in XRP for 4 Years After Calling It a "Stupid" Trade

Raoul Pal, a macro investor, former strategist at Goldman Sachs, and founder of Real Vision, revealed that he has held XRP for over four years after he called this digital asset part of what he once described as "stupid trading." This label, not meant to be offensive, was a way to refer to specific retail investor trading behavior in the early cycles of the crypto market. Shortly thereafter, he revealed that he bought XRP in 2021 when it was trading at $0.60.

Raoul Pal Deletes Comment "Stupid Trade" of XRP In a recent interview, Pal presented his views on how retail investors participate in the crypto market and how the nominal price of a token can influence their buying decisions. He divides this market into three types of risks: large established layer 1 tokens, which he calls "too big to ignore," a more challenging category of mid-tier DeFi tokens, and a simple momentum investment type that he refers to as "dumb trading." Pal emphasizes that this phrase is not an attack aimed at holders but rather a description of what happens when newcomers avoid higher-priced coins and buy cheaper coins without deeper analysis. After the comment, Pal quickly clarified his position on XRP. He revealed that he has held this digital asset since June 28, 2021. The price is just slightly below market price, fluctuating around $0.64. Sharing the exact date and entry point demonstrates his commitment to transparency, as he emphasizes that investors can separate market opinions from how they invest. Four Years Holding XRP And The Huge Profit Holding XRP for many years has become a highly profitable move for Pal. At the time of writing, XRP is trading at around $3.15, up about 5.5 times from the reference price of $0.60. This price increase is driven by regulatory transparency, increasing accumulation by whale investors, and bullish technical patterns, with indicators such as the number of open contracts (open interest) on XRP futures contracts rising and positive on-chain indicators like the golden cross MVRV reinforcing the upward momentum. Pal's decision to hold steady during four years of a volatile market, including a long period of legal uncertainty with the U.S. Securities and Exchange Commission, demonstrates a level of trust that transcends short-term speculation. The importance of this position lies not only in the profit but also in the message it conveys to the crypto market. By maintaining investment during volatile cycles, Pal has demonstrated that XRP can be considered a viable long-term asset when purchased at a price that later proves to be an opportunity. His early involvement occurred before the strong price surges of XRP, making it a prime example of patient capital allocation. For the XRP community, Pal's disclosure serves as a confirmation. It demonstrates that discipline and vision can yield results in a rapidly fluctuating crypto market, while also reinforcing XRP's position as a strategic investment that is becoming more solid as the bullish trend continues.