$101,255.00
5.13%$2,067.34
14.90%$2.25
6.00%$617.55
2.89%$160.06
9.48%$0.999959
0.00%$0.190266
11.34%$0.733674
10.58%$0.254801
2.99%$2,062.28
14.40%$3.91
19.86%$101,182.00
5.22%$15.34
12.73%$21.24
10.39%$0.281111
8.53%$2,479.72
14.57%$417.04
16.73%$0.00001397
10.05%$8.82
1.52%$0.999936
0.00%$0.1904
8.87%$3.17
5.68%$21.93
4.11%$92.62
5.16%$4.31
9.99%$2,064.19
14.45%$292.85
3.80%$4.45
5.51%$1.001
0.12%$2,204.55
14.50%$0.999992
-0.06%$101,179.00
4.88%$0.636808
9.76%$0.00001038
26.55%$29.98
4.81%$412.76
14.26%$5.53
15.05%$5.27
11.21%$1.051
0.01%$2.61
16.54%$52.55
3.77%$0.949801
10.42%$194.36
14.94%$1.00
0.00%$0.096867
6.68%$17.79
11.56%$21.72
3.20%$5.00
10.05%$32.88
10.75%$0.096605
6.66%$0.744443
5.28%$12.36
13.80%$4.62
12.56%$0.02722913
11.11%$0.252988
16.06%$1.001
0.05%$101,360.00
5.58%$1.17
0.01%$4.43
7.17%$0.757336
13.53%$2.84
11.07%$4.35
0.63%$0.217211
10.15%$0.314519
18.17%$0.553892
9.86%$2.68
11.91%$0.350226
15.28%$4.32
5.54%$0.998701
-0.00%$0.00001917
15.35%$0.96833
13.84%$1.027
11.96%$1,651.21
12.51%$94.51
6.18%$10.96
2.25%$0.461789
10.07%$167.80
9.17%$0.843366
7.84%$0.0194605
2.89%$1.26
1.63%$2,065.38
14.48%$0.075424
4.30%$2,151.94
14.67%$1.79
31.39%$1.16
18.13%$0.222912
12.81%$100,984.00
5.06%$0.663126
12.26%$4.06
7.51%$0.598029
13.20%$0.999715
-0.04%$10.83
15.31%$202,734.00
111.37%$0.735481
11.84%$2,339.65
14.37%$0.099946
11.48%$1.001
0.08%$0.0143052
32.48%$617.84
2.85%$0.00008952
18.95%$0.999485
-0.02%$206.51
9.30%$14.58
1.26%$0.01715203
11.65%$176.92
9.27%$3,309.58
-2.18%$101,194.00
5.12%$0.903672
18.21%$0.811049
14.67%$0.999886
0.00%$39.63
10.43%$3,316.10
-2.14%$2.70
12.25%$101,578.00
5.76%$2,198.10
14.54%$0.623491
16.03%$0.222077
7.62%$99,708.00
3.88%$0.01705493
13.34%$0.307419
13.93%$0.733399
3.27%$0.073339
40.38%$0.00000073
5.64%$3.93
5.26%$2.18
8.17%$0.119021
9.76%$20.70
18.22%$0.668351
21.76%$41.22
3.66%$2,160.01
14.46%$0.997883
-0.01%$0.398478
9.02%$0.999076
0.03%$0.01837175
10.15%$0.580631
8.91%$0.321983
10.21%$1.11
0.92%$3.66
15.92%$0.719142
18.47%$1.78
11.61%$2,155.42
14.36%$0.608864
24.94%$0.00942993
15.12%$0.147756
10.64%$0.00571146
9.88%$0.445624
16.17%$101,018.00
4.77%$110.97
0.01%$0.460993
7.21%$0.19859
23.72%$0.998767
0.11%$0.19017
11.54%$100,964.00
5.44%$0.999973
0.01%$7.35
8.31%$1.35
8.81%$0.611025
9.95%$0.065456
-0.35%$16.59
9.18%$0.474043
9.44%$0.999973
0.01%$2,065.35
14.57%$96,924.00
2.74%$0.00002252
8.30%$2,197.89
14.49%$0.142277
11.31%$2,062.76
14.38%$0.54394
12.81%$6.12
10.22%$1.56
5.66%$0.0081748
13.99%$2,059.20
14.61%$0.00000043
2.24%$2,105.30
12.45%$1.69
4.88%$2.60
12.51%$3.51
20.74%$0.253076
16.05%$0.164628
4.25%$0.156277
2.96%$0.04278929
10.89%$1.086
0.05%$1.003
0.43%$0.079876
11.04%$0.00585247
9.50%$0.087258
12.55%$2,063.93
14.44%$1.45
16.34%$42.11
9.90%$0.00000097
27.51%$0.568454
16.50%$0.39045
7.49%$32.78
2.17%$0.03601411
5.63%$0.01850966
4.37%$0.00420801
5.82%$0.366472
0.76%$21.57
0.75%$0.176499
3.61%$0.998459
-0.22%$1.00
-0.01%$0.813401
6.53%$0.00006202
6.39%$0.577769
28.18%$0.335531
14.56%$0.304268
19.70%$0.736786
14.51%$2,053.32
14.73%$1.35
3.35%$0.999519
0.04%$0.71712
8.42%$101,048.00
4.93%$0.999991
0.03%$1.00
-0.02%$119.92
10.88%$102,697.00
6.69%$0.00302118
9.58%$1.099
0.01%$2,183.42
14.59%$0.00000146
0.06%$21.23
10.17%$2.63
8.97%$0.210212
12.21%$0.236917
8.76%$0.03432064
9.32%$21.98
4.14%$1.00
0.01%$2,267.42
14.57%$3,333.78
-1.32%$0.00313637
18.15%$22.51
5.65%$0.547911
6.22%$3.32
8.89%$2,247.83
14.45%$3.36
21.58%$0.98872
28.55%$0.268126
6.38%$16.13
11.25%$2,062.37
14.37%$2,031.10
4.97%$0.00351672
15.21%$2.77
3.23%$0.0374175
7.57%$1.045
4.62%$2,222.52
14.35%$1.57
3.20%$101,253.00
5.42%$0.01300888
9.13%Reading
Former hedge fund manager Raoul Pal has invested heavily in Bitcoin and Ethereum, according to a tweet sent today.
Pal is a former Goldman Sachs trader who retired from a successful hedge fund management career at the young age of 36. Since then, he co-founded Real Vision to democratize access to financial information. With over 10,000 subscribers and 100 countries, Pal’s opinions command a lot of attention and, with that thriving platform, he has made quite the statement by investing 75% of his liquid assets in Bitcoin.
“Let’s say I’m wrong...can I recoup my money from earning an income, running a business, does it put me under financial pressure, no, so I can afford to take the risk. So, even though I tag it as irresponsibly long, it’s not very irresponsible,” Pal said.
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 dont own anything else (except some bond calls and some $'s). 98% of my liquid net worth. See, you can't categorize me except #irresponsiblylong Good night all.
— Raoul Pal (@RaoulGMI) November 30, 2020
In fact, Pal’s outlook on Bitcoin is extremely optimistic.
“It’s a once in a lifetime opportunity we’re being given—we get to front run a wall of money,” Pal said in a video published last week, adding, “This is the biggest, best, single bet I’ve ever seen in my career of every asset I’ve ever looked at.”
The recent market crash—that saw Bitcoin yet again miss out on an all-time high—has done nothing to stop Pal’s enthusiasm for Bitcoin.
“$20,000 here is not the same as $20,000 back then, back then it had gone up a hundred fold when it got to $20,000, we haven’t even started this yet,” Pal said.
What’s more, Bitcoin is in better shape now than it was three years ago because its portfolio of investors has changed, Pal argues. In 2017, Bitcoin’s investors were almost all retail investors. But now Bitcoin is attracting powerhouses from across the financial world.
“Going back then, the only investors were retail,” Pal said, adding, “All I’m hearing every day from every contact, is institutional money.”
The Real Vision CEO also owns some Ethereum, albeit to a far lesser extent than Bitcoin.
According to a recent tweet, Pal’s Bitcoin and Ethereum portfolio is approximately 80/20. When explaining this rationale, he suggested that Ethereum could outperform Bitcoin by five times—although he called this a “hunch.”
The Ethereum-focused puzzle that started with a mysterious billboard in the Warsaw metro has been solved, awarding the winner 7 ETH (worth roughly $4,115 today), the event’s organizers announced last Friday. As Decrypt reported, an enigmatic billboard appeared in one of Poland’s capital metro stations on November 16. It called on commuters to “Solve the puzzle, claim the reward!” and contained an Ethereum address with 7 ETH on it, as well as hashtags #0xPOLAND and #0xPOLANDHEIST. Simultaneously...
“The institutions don’t know how to even think about Ethereum yet, they’re just starting,” Pal said.
In other words, while Pal owns some Ethereum, his expectations for any sense of mainstream adoption of Ethereum are far lower than they are for Bitcoin. In his view, this is because Bitcoin is far easier to understand than Ethereum.
Hunch. I think ETH outperforms possibly by 5 to 1 but who knows. BTC is the easy bet.
— Raoul Pal (@RaoulGMI) November 30, 2020
According to Pal, “When you say digital gold, [investors] kind of get it. But when you say a platform for programming smart contracts and decentralized finance, and by the way they’re going to change the algorithm,” things aren’t so simple.
Does Ethereum need a more simplified value proposition?
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Layer-1 blockchain Aptos saw an increase in new developer interest following the viral social media campaign from user BuzzlamicJihad. So much so that Ash Pampati, head of ecosystem at Aptos, told Decrypt that the Aptos Foundation would be “super open” to bringing the user onto its team. Aptos surged 17% in a single day in February, as BuzzlamicJihad’s unofficial “community takeover” of the network went viral on social media. Following Aptos Labs founder and CEO Mo Shaikh stepping down in Decemb...
Ethereum's Pectra upgrade went live without a hitch—but it didn't serve as rocket fuel for ETH's price. The world's second-largest cryptocurrency was trading sideways after the long-awaited code changes were finalized on Wednesday. ETH is currently hovering at about $1,830, meaning it's continuing to trade 40% lower than it was this time last year. It was a similar story after Ethereum completed "The Merge," and made the ambitious switch from proof of work to proof of stake consensus. Back in S...
