Wall Street Veteran Has More Than 50% of His Portfolio In Bitcoin: Here’s Why

Bitcoin has faced a strong correction over the past week. Since the highs of ~$12,000 set last week, the leading cryptocurrency has dropped 20%. As of this article’s writing, BTC trades for $10,100 and is seemingly poised to continue its descent as crucial support levels fall. Despite the drop, a Wall Street veteran is more convinced of Bitcoin than ever before. Raoul Pal, the CEO of Real Vision, recently confirmed that more than 50% of his investment portfolio is made up of BTC. This comes in spite of most investors, even Bitcoin bulls, arguing that it’s unwise to have more than a few percent or a few dozen percent in the asset class. Pal has been recently touting a sentiment that Bitcoin is likely to be the best performing asset of the coming years. Bitcoin Is More Than 50% of Raoul Pal’s Portfolio: Here’s Why In August, Raoul Pal, the…

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