Real Vision CEO and macro guru Raoul Pal is revealing his cryptocurrency investing strategy amidst bearish sentiment in the markets.
Pal tells his 828,300 Twitter followers that he has not booked profits by selling any of his crypto assets and instead is adding to his holdings.
The macro guru also says he has set up a crypto investment fund known as Exponential Age Asset Management that will have a long-term view.
“People have asked if I have taken any profits and the answer is no.
I keep adding to my bet when I have cash. I have switched around within digital assets and have also set up an entire crypto fund of hedge funds to stay in the trade for years.”
The Real Vision CEO says that in the event of a significant appreciation of his crypto assets, he could take profits in order to meet personal expenses. If the reverse were to happen, Pal says he wouldn’t sell.
“I will allocate to that fund for my core position as the space gets more complex and hard.
But will take some life expenses off the table in a very big, move higher (I’ve got a big house extension to pay for!) but not a move lower (I can still pay for it luckily from income).”
Pal also says that he is debt-free with all of his cash being in cryptocurrencies. He is reliant on a separate income to meet day-to-day expenses.
“All my cash is in digital assets. Everything except paying the bills. I also have no debts and I have income so can afford the profit and loss swings without concerns.
Choose your own journey. Take the risk you can afford to play the long game and don’t try to get rich quick.”
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The post Macro Guru Raoul Pal Doubling Down on Crypto, Launches New Digital Asset Fund To ‘Stay in Trade for Years’ appeared first on The Daily Hodl.
