Investor Raul Pal sells gold to concentrate 98% of assets …

Investor Raul Pal sells gold to concentrate 98% of assets in Bitcoin and Ethereum

Global Macro Investor founder and former hedge fund manager Raul Pal announced changes in his investment portfolio. He wrote that he had placed a sell order Total the gold he has in order to invest this money in bitcoin and Ethereum in a ratio of 80 to 20.

“I have nothing else (Besides some dollars and bonds). 98% of my liquid capital “, – added is he.

Explaining causes choosing such a ratio, Pal wrote that he sees a 5-fold chance of ether being superior to Bitcoin. “BTC Is an easy bet, “he added.

Investor Raul Pal sells gold to concentrate 98% of assets ...

The investor also started a dispute with the participants community, stating that they are may hate regulation and have enormous philosophical disgust, but it necessary for realization of cryptocurrency profits and ultimately earnings on them. “It will make you rich, because the financial institutions now too may to accept their“, Adds Pal.

Investor Raul Pal sells gold to concentrate 98% of assets ...

Another one joined the discussion active commentator – veteran trading Peter Brandt. is he reported, that excluding real estate in him portfolio as the largest asset in percentage terms also is an bitcoin. “But nothing close to intent, which showed Raoul “- explained Brandt.

In early September, he wrote that eliminated positions in cryptocurrency and promotions by making this just before the decline markets.

“I play in macro space and I know the best bet of everyone that I have seen. I can afford to take risks. You shouldn’t repeat my actions, but rather figure it out yourself and place the assets accordingly, ”added Pal.