- Pal admitted to owning more Ethereum than Bitcoin in May 2021.
- Raoul Pal is the founder and CEO of Real Vision and Global Macro.
Raoul Pal, a former Goldman Sachs hedge fund manager and bitcoin advocate tweeted that he currently owns only one Bitcoin. Given that the claim was made during a Twitter spat between Greg Foss, a self-described “Bitcoin Strategist,” and another user, it’s unclear if he’s exaggerating or making an accurate assertion about his cryptocurrency holdings. While Pal is the founder and CEO of Real Vision and Global Macro, Foss is an executive director of Validus Power Corporation.
Since Pal began dubbing Ethereum “the greatest trade” and forecasting that ETH and altcoins would ultimately surpass BTC, Bitcoin true believers have looked at Pal with skepticism. Pal’s reveal of his allegedly minor stake has undoubtedly generated commotion and anxiety.
In November 2013, Pal made his first BTC purchase. The so-called “fork-wars” of 2017 saw him make a 10X profit before adding to his collection in 2019 and 2020, losing out on an even higher gain later that year. He admitted to owning more Ethereum than Bitcoin in May 2021.
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A Trader Not an Investor
The feud was instigated by Foss, who wrote “Raoul is soft” along with another intellectual tweet. This followed with “Raoul sucks and blows”. After some exchange of tweets between Pal and Foss, the former posted that individuals like Foss and the Bitcoin community’s discriminatory attitude is why he only holds one Bitcoin.
Pal’s supporters pointed to his remarkable record and pointed out that he is a trader, not an investor, to defend him. Founder of Crypto My Way, “Coach T,” praised Pal’s different viewpoints and sophisticated thinking.