Crypto and US Tech Stocks: Raoul Pal Plans to Buy More Next Week
CryptoNewsTerminal Staff05 Aug, 2024
Crypto and US Tech Stocks: Raoul Pal Plans to Buy More Next Week
Raoul Pal, the renowned macro investor and CEO of Real Vision, has announced his plans to add to his crypto and US tech long positions next week. He shared his thoughts via his Twitter account, stating that he "can't wait another week or so to add." Pal explained that his strategy is not about trying to catch the bottom precisely but rather about taking advantage of the widening bid-offer spreads and resetting the risk-taking lever. He believes that this is the last chance to get positioned for the 2024-2025 bull market. Regarding altcoins, Pal acknowledged the risks associated with investing in them, especially during crypto corrections. He emphasized that crypto corrections can easily result in 80% drawdowns, but the key is to identify when and where to add. He also stated that investors should not sell but hold through these corrections.
