Raoul Pal, founder of Real Vision and former Goldman Sachs executive, has advised investors to remain calm during periods of crypto market volatility. Speaking on November 17, Pal highlighted his own experiences with Bitcoin, which he purchased at $200, enduring significant drawdowns of 85% and 70%. He noted that such volatility is typical, with Bitcoin often seeing corrections over 35% and altcoins potentially dropping more than 60%.
Pal recommended that investors maintain a long-term perspective, adhere to the DFTU rule, and consider strategies like dollar-cost averaging (DCA) to navigate market fluctuations. He emphasized the importance of patience and warned against frequent trading, describing cryptocurrencies as the best-performing asset class in history. Pal cautioned against missing long-term opportunities due to short-term market movements.
Raoul Pal Advises Calm Amid Crypto Market Volatility
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