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Amid the ‘Carnage’ in Crypto and Global Financial Markets, Macro Guru Raoul Pal Releases a Portfolio Update

As most asset classes recover from a string of bad weeks in the markets, a well-known crypto investor weighs in.

Real Vision CEO Raoul Pal says that in addition to retaining his assets, he bought into firms with long-term growth potential in a recent interview with the Bankless podcast.

“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.”

Pal also declared that he didn’t buy just a lot of riskier assets, but also he got interested in call options on leading smart contract platform Ethereum.

“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 note that he’s also looking into the NFT space, mentioning Yuga Labs’ Bored Ape Yacht Club (BAYC) as an example of a community-focused concept that he intends to replicate in the future.

“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 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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