Raoul Pal Shares His ‘Paper Hand’ Drama From 2017

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As a researcher with a knack for following the crypto market, I find myself constantly in awe of the stories that unfold within it. Raoul Pal, the CEO of Real Vision, is one such individual whose journey serves as a captivating tale of both triumph and regret. Having invested $200,000 in Bitcoin back in 2013, he experienced the exhilarating highs and heart-wrenching lows that come with riding the crypto rollercoaster.

Raoul Pal, a global macro investor and CEO of Real Vision platform, invested around $200,000 in Bitcoin (BTC) back in 2013. This substantial investment has seen significant developments over the years, and it was when Pal initially predicted that Bitcoin could reach $100,000.

Real Vision CEO shares his dramatic story about selling BTC

11 years ago, investor and economist Raoul Pal bought Bitcoin (BTC), the largest cryptocurrency, for approximately $200,000 – the equivalent of what we now call the orange coin. In 2013, this digital currency saw a significant rise from $13 to a peak of $754 as recorded by historical data.

In 2013, I invested $200,000 in Bitcoin (BTC) and sold it for $2,000 in 2017, a decision I regret now as its value skyrocketed to over 10 times that amount by the end of 2017! Had I held onto that initial trade, it would have been worth a staggering $100 million today. 😞

— Raoul Pal (@RaoulGMI) November 22, 2024

In a post to his one million followers on X, Pal announced that he had offloaded his Bitcoin (BTC) holdings back in 2017 when the price hit $2,000. Remarkably content with the transaction’s results, Pal acknowledged BTC’s subsequent rise by an additional 10 times within the same year.

Reflecting on the cryptocurrency market’s trajectory, I find myself reminiscing about the peak that Bitcoin (BTC) attained in mid-December 2017, reaching approximately $19,450. This remarkable run, spanning from 2013 to 2017, marked a significant milestone as it was the first mainstream surge in the cryptocurrency market’s history.

Furthermore, Pal confessed that he wrote his inaugural analysis of the Bitcoin (BTC) value when it stood at $200. Utilizing the Stock-to-Flow model, he drew comparisons between Bitcoin (BTC) and Gold, predicting a minimum target price for the crypto leader of $100,000 based on his forecast.

If the macro analyst’s predictions hold true, by the year 2024, his personal Bitcoin (BTC) investment could potentially reach a staggering $100,000,000.

Previously, I’ve come across an interesting perspective shared by a researcher named Pal. He anticipates that during the initial phase of the next bull market, altcoins such as Solana (SOL) and Sui (SUI) might outperform Bitcoin (BTC). Personally, his bullish sentiments on these two altcoins have piqued my curiosity.

Simultaneously, he continues to hold steadfast faith in Bitcoin (BTC), believing wholeheartedly in its potential future, as his statement indicated in response to Michael Saylor’s tweet.

Bitcoin DCA monster with diamond hands finally becomes millionaire

Over the past month, the original cryptocurrency, Bitcoin (BTC), has increased by 50%. On November 22, 2024, it reached a new all-time high, just shy of $100,000.

A person known only as Rego The Trollar, a self-proclaimed crypto expert, commemorates the eighth anniversary of his Bitcoin Dollar Cost Average (DCA) challenge. Consistently for eight years, he has been investing roughly $15 in Bitcoin every 12 hours. In total, he invested approximately $86,500 without ever liquidating his holdings.

UPDATE: BITCOIN DCA JOURNEY

It has now been nine months since I’ve last updated our progress on my personal daily Bitcoin buys. We are approaching the 8 year anniversary of consistently buying Bitcoin every single day, at the same exact time, regardless of the price it trades…

— rego • (@regothetrader) November 9, 2024

He shared his inspiring story on X, recalling the crucial milestones of his venture. At the current prices, his Bitcoin (BTC) stake is worth over $1.15 million.

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2024-11-23 18:33