Macro expert and former Goldman Sachs executive Raoul Pal is expressing bullish sentiment on the digital asset XRP.
In a new Ask Me Anything video, Pal says that XRP already has utility and is being used in money transfers.
According to Pal, the price of XRP could appreciate in the event that Ripple wins the lawsuit brought against the San Francisco-based payments company by the U.S. Securities and Exchange Commission (SEC).
On the other hand, Pal says that the risk of XRP falling in price is relatively lower in case Ripple loses the lawsuit.
“I’ve said this a gazillion times, XRP has a real use case. It is being used as a protocol…
I think there’s a gap risk higher if they get the ruling.