Real Vision CEO Raoul Pal shared his Bitcoin (BTC) comments while conveying his expectations for altcoin projects. He also talked about the coins he is holding. On the other hand, he drew attention to the possibility of Bitcoin experiencing a 100-fold increase. Here are the details…
Pal chose Bitcoin even in the worst case scenario
Real Vision CEO Raoul Pal thinks that Bitcoin (BTC) will outperform other asset classes in the next 10 years, even in the worst-case scenario. In a video on the Scott Melker YouTube channel, the former Goldman Sachs executive explains how extreme an asset’s inherent volatility (VOL) can potentially increase in price compared to less risky investments. According to Pal, volatility gives rewards. Since 70-VOL is an asset, it gives rewards 20x, 50x, 100x depending on what timeframe you’re looking at.
But people aren’t ready for that, according to Pal. They think the world is cyclical and everything goes back to the way it was, so every explosion has a collapse. Every collapse brings it back to where it started. Pal uses the following expressions:
But that’s not what’s happening here. In an exponential trend. Each bounce is therefore significantly higher. In Bitcoin, the former low is $4,000, now $20,000. From 4,000 to 20,000, that’s extraordinary. But people don’t see that. They are not used to this. They don’t know how to deal with it. People have to learn. We all did.
Expectation of one million dollars in BTC
cryptocoin.com As we reported, Pal announced that he was an early investor when a BTC was well below $ 1,000. So far, he continues to describe his observations of the process. He states that he believes BTC will eventually be worth a minimum of $100,000 and could even go up to a million dollars. Pal uses the following expressions:
I’ve never understood how, in an exponential trend, it’s better to buy and hold and add to big sales. I went back and looked at all the times I traded Bitcoin from 2013 when I first entered at $200. I raised it to $1,000, so it increased 5x in two months. Then it dropped to 85%. I kept it just because I wanted to treat it like an ‘option’. I had a vision for 10 years. I said that in the next 10 to 20 years, it’s probably going to go up to $100,000 at worst and $1 million at best.
What’s in Pal’s altcoin basket?
Pal talked about other crypto investments, including Ethereum (ETH) and competitor Solana (SOL). Thus ended his speech. Pal stated that it has several different tokens. Its main bets are ETH and SOL. She says she doesn’t know if “something will happen” in Solana. It still points to the network adoption rate on the Solana network. Pal ends his speech with the following statements:
Other than that, I have an equal weight basket of coins because I assume I’m stupid and don’t know how to pick the right things. That’s why I set up a hedge fund, because I’d rather give my money to a group of people who have figured out what 100x or 1000x is, rather than try and do it myself. Because it’s complicated…
