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Macro Guru Raoul Pal Unveils Portfolio Update Amid ‘Carnage’ in Crypto and Global Financial Markets

A popular crypto investor is weighing in on the path forward as most asset classes reel from several rough weeks in the markets.

In a new interview with the Bankless podcast, Real Vision CEO Raoul Pal says that in addition to maintaining his holdings, he bought into stocks that might have long-term growth potential.

“I’ve not sold a single thing. I’ve started to average in on the ‘growth’ tech stocks… [going] into the carnage because if I’m right and this is a super trend, a super cycle, then you want to be owning this stuff for the long run.

Which companies are going to succeed or fail? We don’t know, so you buy baskets of stuff, much like you might do if you wanted to capture the movement in crypto. Crypto’s the same. If you believe that that network adoption continues, then this is when you should be buying.”

When it comes to his cryptocurrency investments, Pal says that in addition to buying baskets of riskier assets, he also played around with call options on leading smart contract platform Ethereum (ETH).

“I’m trying to capture the overall space. As ever, a bunch of the more speculative end of stuff always feels terrible in the bear market, and who knows what’s going to survive and what’s going to work? But that’s the thesis and that’s why you buy a basket, and it’s only a small part of the overall [investment portfolio].

Since then… I had a go at buying calls on ETH to say if the previous pattern kind of held out then we could have seen a run in December through to March, which failed to happen, but I added 5% in call options and that didn’t work out.”

The Real Vision CEO goes on to say that he’s exploring the non-fungible token (NFT) niche as well, citing Yuga Labs’ Bored Ape Yacht Club (BAYC) as employing a community-focused model that he hopes to emulate in a future project.

“I bought some NFTs. I got involved in the Bored Ape thing because… I love what Yuga was doing, that’s the playbook that’s been in my head, which is you build engagement and utility with NFTs and then you build a social token around it. That’s been the playbook that I’m building a business around as well.

The moment I saw that the ApeCoin (APE) was actually coming out and saw what they’d done with Larva Labs, I thought I need to get in and I want to own part of this ecosystem and hold it for the long run because this is something very interesting.”

   

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