According to U.Today, Raoul Pal, a global macro investor and CEO of Real Vision, made a significant investment in Bitcoin (BTC) back in 2013. Pal purchased $200,000 worth of Bitcoin when the cryptocurrency was priced between $13 and $754. Despite the potential for massive gains, Pal sold his Bitcoin holdings in 2017 when the price reached $2,000. He expressed satisfaction with the outcome, even though Bitcoin's value surged tenfold later that year, reaching a peak of approximately $19,450 in December 2017. This period marked the first major rally in the cryptocurrency market.
Pal also shared that he had initially predicted Bitcoin's price could reach $100,000, using the Stock-to-Flow model and comparing Bitcoin to gold. If he had held onto his initial investment, it would have been worth $100 million by 2024. Despite missing out on these potential gains, Pal remains optimistic about the future of Bitcoin and believes that altcoins like Solana (SOL) and Sui (SUI) will outperform Bitcoin in the upcoming bull run. He maintains a strong belief in Bitcoin's long-term potential, as evidenced by his response to a tweet from Michael Saylor, where he affirmed his commitment to Bitcoin.
In a related story, a pseudonymous crypto enthusiast known as Rego The Trader shared his experience with Bitcoin's Dollar Cost Averaging (DCA) strategy. Over the past eight years, Rego has consistently purchased $15 worth of Bitcoin every 12 hours, totaling approximately $86,500. Despite the fluctuations in Bitcoin's price, Rego never sold his holdings. As of November 22, 2024, his Bitcoin investment is valued at over $1.15 million. This story highlights the potential benefits of a disciplined investment strategy in the volatile cryptocurrency market.
