Saturday, January 22, 2022

Real Vision CEO Raoul Pal Betting on Bitcoin (BTC), Ethereum (ETH), and Nine Other Altcoins

Raoul Pal, the CEO of Real Vision, has revealed most of his crypto portfolio to the public. It comprises the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), including about nine altcoins.

In a new interview with Thinking Crypto, the former Goldman Sachs executive says that he primarily started out as a Bitcoin (BTC) investor then switched most of his BTC into Ethereum (ETH).

Pal says he then built a basket of 10 equally weighted large-cap altcoins. He later added Solana (SOL) to his portfolio as well.

In an interview a few days ago, the Real Vision CEO stated that 82% of his portfolio is in ETH.

In his new interview with Thinking Crypto, he said that one of the smaller crypto assets he owns has seen such a significant surge in price that it’s ballooned into becoming his second-largest holding.

“What’s fascinating is my second-largest holding now, from an equally weighted basket, second to Ethereum, is Sandbox.

I’m bought in, it just went up 20x in the last month and a half, which is crazy.

I mean I would not take that position, second-largest position in Sandbox, but that’s where it is, and I’m not rebalancing for the time being.”

The Sandbox (SAND) is an Ethereum-based virtual world that allows fans of video games to build, own and monetize their gaming experiences. The project’s native token, SAND, is used to transfer value, secure the network, and govern the protocol.

Pal also mentions that he bet on the Ethereum-powered decentralized virtual gaming world Decentraland (MANA). Decentraland’s native token, MANA, is used as a means of exchange.

The Real Vision CEO says he has also bet on a handful of decentralized finance (DeFi) projects, including the lending protocol Aave (AAVE), the decentralized exchange Uniswap (UNI), and the smart contract platform Polkadot (DOT).

Additionally, Pal notes that he’s made a couple of bets on social tokens, including Chiliz and Rally.

Chiliz (CHZ) is a platform for tokenizing sports and esports in order to encourage fan engagement.

<

Rally (RLY) is a decentralized network that enables creators and brands to monetize their content and offer community benefits.

Pal also says he owns XRP, citing the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the payments company Ripple as a primary factor.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

Related Articles

Latest Articles