Raoul Pal Updates His Crypto Portfolio and Shares His Market Vision
According to macro guru, ex-Goldman Sachs executive and Real Vision CEO, Raoul Pal, there two groups of emerging crypto assets, which he is investing in.
In a recent interview with CryptoInsightUK, the popular investor said that he’s been optimizing his portfolio based on the direction he thinks the crypto market is going.
Pal explains that the metaverse is “where everything is going.” The metaverse can be loosely defined as a virtual shared space, created by the internet, augmented reality or other shared ecosystems. He is also bullish on social tokens – coins backed by a brand, organization or an individual.
“I started layering into more macro bets on where I thought the space was going. So trying to be more intelligent than just a basket, I’ve still kept the basket, but my bets are moving towards the metaverse and social tokens, and community tokens, which I think are going to be a huge, huge disruptive business model, and I think the metaverse is where everything going. So that’s kind of how I’ve played it. Now, I’m roughly 25% Bitcoin, 55% Ethereum, and 20% in all the other stuff.”
Metaverse assets include non-fungible tokens (NFTs), virtual parcels of land and other digital collectibles.
Pal’s company Real Vision revealed an updated portfolio over the weekend that showed the firm had a fresh 3.66% allocation to Chiliz (CHZ).
CHZ is a coin for blockchain-backed products & services geared toward mainstream consumers. CHZ fuels Socios.com, a sports-fan engagement platform that allows users to buy fan tokens from their favorite team.
Despite being bullish on the crypto markets overall, Pal has previously said that the nascent space is at a crucial inflection point. According to him, Bitcoin’s current price action is mirroring the massive correction in 2013 right before BTC went on a parabolic 900% rally from $100 to $1,000.
