Raul Pal: “I sold all the gold to invest in Bitcoin and Ether”
Global Macro Investor CEO Raul Pal has placed an order to sell all of his gold to invest in BTC and ETH.
Raoul Pal announced this on Twitter and clarified that in addition to gold, there are some bonds and US dollars in his portfolio. The money received from the sale of gold, Pal is ready to invest in bitcoin and ether at a ratio of 80 to 20.
The cryptocurrency enthusiast believes Ether is five times better than Bitcoin and has called Bitcoin an “easy bet.” In the comments, Pal described himself as a macro space player who can afford to take risks. He is not a fan of cryptocurrencies, but he is ready to use the opportunities that they open to people. Pal warned users not to follow his example and recommended that they independently research which assets to invest in.
However, Pal believes that the cryptocurrency market is on the upward trend. The head of Global Macro Investor expects that even conservative institutional investors, who usually prefer precious metals, will start investing in bitcoin next year. Therefore, Pal made a bold assumption that in a year the rate of the first cryptocurrency could reach $ 250,000. Earlier, Pal said that due to the pandemic and the economic crisis, Bitcoin could become the world’s reserve currency, which would lead to its explosive growth.
Pal is also the CEO of Real Vision Channel. Recently in an interview with this channel, MicroStrategy CEO Michael Saylor stated that his company is ready to store bitcoins for 100 years, as he considers this crypto asset to be the best way to store value.