Macro Guru Raoul Pal Gives Crypto Portfolio Update, Says Markets Look Bullish From Here on Out
Real Vision founder Raoul Pal says that he’s remaining bullish on digital assets after significantly increasing his position size during the bear market.
In a new Bankless interview, the former Goldman Sachs executive gives a portfolio update, saying he’s still invested heavily into one of Ethereum’s (ETH) biggest rivals.
“I don’t change it a lot. I’m very consistent in what I do. It’s still about 80% Solana, a small bit of Bitcoin, and a handful of other things that I bought just to feel the price. I don’t mention them on Twitter because then everyone destroys you and attacks you… Basically, it’s the same portfolio that I’ve had and I don’t really change it…
I haven’t sold anything, so that answers something. I probably increased [my portfolio] by 30%-40% in June to October.”
The Bitcoin (BTC) bull, who refers to his forecast on crypto and tech stocks as part of “The Everything Code,” says that everything is lining up for another bull market, with a potential climax in 2026. He identifies currency debasement and new capital arriving in the space as potential catalysts.
“[The cryptocurrency market] looks very bullish from here on out. I’m reticent to name specific numbers, but this year looks more bullish than even I expected. What is really interesting is that the Everything Code also matches the [logarithmic] channel…
They’re all consistent amongst different ways you back in and out. So yeah, it just looks like a crypto cycle, and it looks like it should be. I don’t think it’s a pure function of the debasement, because if it was, then the [2020-2021] cycle would have been even bigger. It’s a function of the amount of capital available to move the space, etc. So yeah, it looks very positive to me, and I don’t think we need to get worried until 2025.”
BTC is worth $31,050 at time of writing, up 1.2% in the last week.
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