How Raoul Pal turned towards crypto and what’s his approach for it now?

Raoul Pal is one of the few investors who predicted the great recession of 2008 before it happened and also one among prominent voices in support of crypto.

Currently, Raoul Pal is head of Real Vision, a broadcast media house that facilitates subscription-based research in both written and video formats. They get insights and analysis of the current market and industry situations from financial field experts on Raoul Pal Real Vision.

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Let’s have a quick look at Raoul Pal’s early life, what he has done that made him one of the most prominent voices in the market, and whatever he is today. 

Who is Raoul Pal?

Raoul Pal is the CEO and co-founder of Real Vision Group and Global Macro Investor firm. He started his career as a Hedge fund manager, and then he turned out to be an economist, investment strategist, and economic historian.

From the University of Plymouth, Raoul Pal studied Law and Economics and graduated in 1990. After graduation from his first job, he went for the role of Sales Executive at Dow Jones Telerate. For the next year, he switched jobs and became a Senior Executive at James Capel & Co. he joined in 1991. 

In 1995, Raoul Pal joined NatWest Markets as Director and stayed there till 1997. The turning point came when he joined the renowned financial institution, Goldman Sachs. There he was at the designation of European Hedge Fund (Equities and equity derivatives) Sales Head from 1997 to 2001. 

After he managed to be at GLG Partners as Portfolio Manager in 2001, he left and founded his firm, an original, thoughtful, and utterly independent research publication, The Global Macro Investor, in January 2005. 

Since then, Raoul Pal has been CEO of the company, and later on, in 2014, he co-founded Real Vision, the firm in the same way of previous research publication but now in digital and video format. We will see in detail the working of Real Vision.

Raoul Pal is known for his pro-crypto thoughts and statements provoking bullishness on crypto. From time to time, he supported cryptocurrencies like Bitcoin and others and made open statements about their revolutionary workings and potential to bring the changes like never before.

For instance, take his statement about Bitcoin when he said 

Bitcoin is now eating the world… It has become an extremely large black hole, sucking in everything around it and destroying them. I have never seen trade in my career so dominant that your holding of any other assets then this almost makes no sense.

Raoul Pal lives in the Cayman Islands, a British overseas territory.   

Raoul Pal Real Vision — The Netflix of Finance

Raoul Pal’s one among some notable works is Real Vision, a streaming service that provides viewers crucial financial information in a way that is easy to understand.

It’s important to understand that once a successful hedge fund manager who worked at so many prestigious firms has later co-founded Real Vision, what could be the possible reason to do so. Well, the answer could lie in the way time and technology changed the world and the nature of work we used to see. 

One In a discussion, he stated:

The highest return on your capital thus time is not investing; it’s building a business. Start businesses, and that will make money for you.

In 2013, Raoul Pal, with Grant Williams, a respected financial industry visionary, and three other founders, established Real Vision. Real Vision offers paid and free content, including presentations, breakdowns of core finance concepts, interviews, written reports, and many more. 

Founders were prompted by traditional financial media and the inability of television companies to bring real and important market insights and made efforts to reduce the flaws resulting in Real Vision. Raoul Pal Real Vision thoughts as his LinkedIn page describes —

Real Vision is a disruptive financial media brand created to help investors understand the complex world of business, finance, and the global economy, with in-depth analysis from real experts.

Raoul Pal Crypto stance

Raoul Pal is a well known crypto supporter investor and, from time to time, makes statements in its support. He is especially fond of Bitcoin so much, to the extent that today where people predict the flagship currency to reach 100k, in 2014, Raoul Pal bitcoin prediction was to go 1 million. Although can’t say on which basis he made the statement as at that time, Bitcoin was trading at $650 only. 

The actual statement he made in the interview was —

Let’s assume bitcoin is something like gold which is only in a finite amount. To date, only a finite amount has been mined, and the rest is still underground. We somewhat know how long it will take to mine all the gold or all the bitcoins. Now put them in the same kind of equation; we got a million-dollar value of bitcoin. Now you will never hear an analyst say that it will go $1 million, but I don’t mind this; I could be wrong by 90%, and if I would, it’s still worth $100,000.

Raoul Pal’s bitcoin investment started in 2012, and he remains very vocal about his positive approach regarding bitcoin. Although in 2017, when the price of the flagship cryptocurrency skyrocketed, he doubted it and even called it a bubble. 

However, till then, Raoul Pal’s bitcoin investment went up to ten times, and when the prices held, he came to his positive stance for crypto. In 2020, the former hedge fund manager again stated his belief in bitcoin reaching $1 million. 

The same year when the Covid-19 pandemic hit and few big-name investors forecasted about the upcoming global economic crisis after it. Raoul Pal was among those forecasters, and according to that, he also positioned his portfolio to take advantage of that financial market downturn in March. He allocated 50% of his total investment portfolio into Bitcoin, which earlier was 25%.

As time passed, Raoul Pal Bitcoin obsession intensified the following year (2021). The launch of new crypto can testify it focused free newsletter on Real Vision to provide cryptocurrencies with the latest developments and insight. 

Raoul Pal Ethereum’s enthusiasm is nothing less than Bitcoin. He is fond of most cryptocurrencies, but bitcoin leniency is more exposed than others for obvious reasons. 

Pro crypto investors vision on Bitcoin for the long term can be summarized as hence tweeted, 

While everyone feels like celebrating BTC’s every high, remind yourself where we are going. The halving runs seem to get between overbought one and two standard deviations versus trend, usually around 18 months. This gives a rough price target between $400k to $1.2 million by the end of this year (2021).

Raoul Pal net worth is not available anywhere officially. He is usually found highly active on various social media platforms, especially Twitter where he puts his thoughts, point of views and predictions mostly related to markets and cryptocurrencies.