Raoul Pal Moving 98% of Portfolio to Bitcoin & Ethereum
Raoul Pal knows Bitcoin & crypto are best! Pal is now selling all of his gold and putting it into Bitcoin & Ethereum
Ok, last bomb – I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20).
I don’t own anything else (except some bond calls and some $’s). 98% of my liquid net worth. See, you can’t categorize me except irresponsibly long. Good night all.”
Pal is a longtime Bitcoin bull and investor and placed his first BTC buy back in 2012. Throughout 2020, he has steadily increased his crypto portfolio and called BTC a “supermassive black hole” that is feasting on gold, the NASDAQ, banks, bonds, and commodities.
“Bitcoin’s performance is SO dominant and SO all-encompassing that it is going to suck in every single asset narrative dry and spit it out. Never before in my career have I see a trade so dominant that holding any other assets makes almost no sense.”