I Only Hold 1 Bitcoin, Real Vision CEO Raoul Pal Reveals
January 20 2022 - 6:00PM
NEWSBTC
Millionaire investor Raoul Pal has revealed how much he owns of
bitcoin, a cryptocurrency that he has been known to actively
promote in the past. In what was a shocking revelation, the CEO and
founder of Real Vision posted his bitcoin holdings on Twitter,
which turned out to be lower than everyone’s expectations. Pal
disclosed that he only owned a measly 1 bitcoin. Why Does Raoul Pal
Only Own 1 Bitcoin? The CEO got into a heated Twitter argument with
Greg Foss after Foss insulted Pal. In a response to another user
who defended the CEO saying they liked him, Foss explained that he
was “just calling out the BS.” This is where Pal came into the
conversation demanding to know what exactly it was that Foss was
accusing him of as he’d like to know. Related Reading
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Haven. But What Do The Locals Think? Foss continued on to explain
that he did not agree with Pal promoting his trading mechanism to
other traders who were less inclined to understand how it worked,
pointing towards bond math. Pal however disagreed with Foss’s
assessment, stating that he did not hold his views on bonds as a
philosophy, rather just a mechanism which he uses to trade. The
argument continued on, eventually culminating in Pal stating how
much bitcoin he owned, which it turns out is a single bitcoin. The
founder and CEO of Real Vision explained that it was because of the
bitcoin community’s approach to inclusion that led to this
decision. Pal lamented the exclusion of others from the space who
happen to share a different viewpoint from the accepted majority.
BTC price recovers above $43,000 | Source: BTCUSD on
TradingView.com “This is why I hold only one bitcoin, the community
has lost sight of inclusion and you sir, are helping reduce the
network effects by excluding people who don’t share your view from
the network,” said the CEO. It eventually ended with Greg Foss
conceding and acknowledging he was wrong to have attacked Pal in
the first place. In a separate tweet, Foss tendered an apology to
the CEO, stating that he regretted his actions. Some times you pick
a fight with the captain of the opposing team (cuz u are fed up and
want to brawl) That is rarely a smart move. Tonite I chose that
path and I regret my actions. I apologize to @RaoulGMI I made a
rookie error. We have bigger battles to fight. GF — Greg Foss 🇨🇦
(@FossGregfoss) January 20, 2022 Not Completely Out From Crypto
Despite his views on the bitcoin community, Raoul Pal has not
entirely ruled crypto. Even bitcoin has not been completely ruled
out as evidenced by his tweet stating that he does own one BTC.
However, Pal has moved on to other things in the crypto space.
Given his comments not too long ago, the CEO is now more bullish on
ethereum compared to bitcoin. Related Reading | Bitcoin
Implied Volatility Plummets To Pre-Bull Market Levels: What This
Means Pal noted back in November that he expected ethereum to
continue to outperform bitcoin given its performance in previous
months. The millionaire investor still holds a well-rounded bullish
view on bitcoin but expects ethereum to be the better investment of
the two going forward. A month before this, Pal had received that
he made the biggest personal position of his life in ethereum. He
explained that he is long the digital asset which he placed at the
$20,000 mark by the second quarter of 2022, less than six months
away from now. Featured image from iGaming.org, chart from
TradingView.com
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