The Real Vision founder and market forecaster suggested that Hoskinson and Ripple’s chief executive officer Brad Garlinghouse are raking in money for simply being the leaders of the cults surrounding their coins ADA and XRP.
Raoul Pal Advises Investors To Avoid Old Cults Like ADA and XRP
In a recent video, Raoul Pal claimed Ripple’s cross-border payments token XRP is essentially obsolete as it is “from two bull markets ago.”
Pal Pal also suggested that investors should not miss out on bull rally gains by betting on a cryptocurrency of the past, hoping that it will rocket higher this time.
“You might love it forever but just please move somewhere where the strong momentum is,” he continued.
Pal further noted that XRP holders are “in a cult,” and “cults don’t make money, except for the leaders.” In his opinion, everyday investors cannot make money in such a setup.
He also named ADA as another “cult” crypto. While Pal is aware that his words would not be received well by investors of XRP and ADA, he said he doesn’t want to be bullied online. Even so, the pundit felt he had to share this message.
“I just feel like you’re being done a disservice because you’re in a cult,” asserted Pal.
Responding to Pal, Charles Hoskinson tagged the Ripple CEO, asking him: “So @bgarlinghouse, when are we going to the Secret Cult meetings?” Hoskinson doesn’t understand why Raoul Pal was criticizing the two crypto projects.
However, some members of the crypto community on Twitter (aka X) suggested that the Real Vision CEO is holding a Solana (SOL) cache, which he shills while simultaneously bashing XRP and ADA.
“Imagine how cynical and narrow one’s worldview has to be to conflate authentic community and engagement for a cult,” another X user stated.
