RE: Wall St Vet Raoul Pal…More Than 50% Of Portfolio In Bitcoin
Pal is VERY bullish on Bitcoin…as everyone should be once they’ve seen the light!
WALL STREET VETERAN HAS MORE THAN 50% OF HIS PORTFOLIO IN BITCOIN: HERE’S WHY
“On September 8th, Pal said that he is ‘over 50%,’ referencing the percent of his portfolio that is currently in BTC. This comment was made in response to once of his followers telling the former Goldman Sachs head of hedge fund sales that he should follow Anthony Pompliano’s example; Pompliano, a former Facebook team lead and crypto investor, has gone on CNBC saying he has 50% of his assets in Bitcoin.
The reason why Pal is so bullish is that he sees ongoing macroeconomic trends bolstering Bitcoin’s growth.
Commenting on recent comments from the Federal Reserve, the investor said:
‘Most people don’t understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets – Gold and Bitcoin. Powell WANTS inflation. I don’t think he gets true demand push inflation but he will get fiat devaluation, in conjunction with the other central banks all on the same mission.’”
It would be interesting to see what some of these Bitcoin and crypto naysayers hold in their portfolios – probably be quite a few with a good amount of Bitcoin in them