Former Goldman Sachs executive and current Real Vision CEO Raoul Pal says he’s making a bet on two groups of emerging crypto assets.
In a new interview with CryptoInsightUK, the widely-followed investor says that he’s been optimizing his portfolio based on where he thinks the crypto space is going.
Pal asserts that he thinks 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’s 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.
While bullish on the crypto markets at large, 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.
I
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/PHOTOCREO Michal Bednarek