what? Ex-Bitcoin Bull Raoul Pal only holds one Bitcoin?
Former Goldman Sachs hedge fund manager and cryptocurrency bull Raoul Pal tweeted that he was down to just one bitcoin.
The announcement came during a Twitter conversation with self-proclaimed “Bitcoin strategist” Greg Foss, and it was unclear whether this was an exaggeration or a true portrayal of his Bitcoin investment. . Pal is the founder and CEO of Real Vision and Global Macro, and Foss is the CEO of Validus Power Corp.
Ever since he started calling Ethereum "the biggest deal" and predicted that Ethereum and altcoins would eventually overtake Bitcoin, they didn't believe there was a bit of Bitcoin in their holdings. This causes chaos and anxiety among the righteous. They never believed in Pal.
Interestingly, ETH is up 250% against BTC since its inception. Five months after its birth in 2015, it was below the starting price of Bitcoin.
This gives the idea that all other coins go to zero in BTC.
— Raoul Pal (@RaoulGMI) 7 avril 2021
Pal first bought BTC in November 2013. He held the stake in 2019-20 after selling it for 10 times its profit (and losing more money later that year) in what is became known as the "Grease" War in 2017. In May 2021, it was confirmed to have a higher ETH than BTC. At the time of this writing, Bitcoin is worth around $40,925.
The controversy arose from Force's tweet, "Raul was weak", followed by the tweet "Raul attacked himself". Back from the Pal and Bitcoin maximalists, Pal says xenophobia in the Foss and Bitcoin community is the reason she only has one Bitcoin.
It's your problem. I don't agree with your opinion, so you're opposing me? Are you right? That's why I only have one bitcoin and the community lost sight of inclusion, and you've helped reduce network disruption by excluding people from the network who disagree with you .
— Raoul Pahl (@RaoulGMI) January 20, 2022
This angered the Bitcoin community, with many arguing that it was using thought obfuscation logic. User Emanuel replied in a tweet on the Bitcoin Meme Hub: "His intentions are devastating to his future."
Synaptic Ventures founder Marc van der Chijs complains that Pal only holding one BTC based on existing communities outweighs revenue. It is "against the belief that he advertised on RealVision".
However, some blocked Pal from reporting his fancy material and warning fans that he was a real trader and not a holder. Crypto My Way Founder and Crypto Analyst "Coach T" wrote that he appreciates Pal's "versatility and intelligence".
Foos vs. Pal: Twitter sib cav
The controversy seems to have arisen over disagreements over inflation and Pal's work on the use of trade contracts. Foss explains that Pal doesn't promote his business to people who don't understand his business.
Pal disagreed, explaining that his view of the contract was "business, not speculation." However, Pal claimed in a later comment that he failed to deliver on the promise.
Now let's do the math. If I could, the contract could increase by 20% in 12 months (using TLT only). It's faster than balance sheet expansion, so it's income for purchases. If you hold a growth contract, you lose money. Problems?
— Raoul Pahl (@RaoulGMI) January 20, 2022
Three hours after the first tweet against Pal, Foss apologized for "regretting his actions" and added "he made a mistake at the start" and added that he "had a big fight again".
Just a few weeks ago, Pal said he thought it "potentially reasonable" that the cryptocurrency market cap could grow 100x within ten years. I hope that's right. Maybe that's something we all agree on.
The Cointelegraph has called Real Vision's Raoul Pal and will update the matter as soon as they receive a response.
Cointelegraph China, the blockchain news media platform, is only the personal opinion of the author and does not affect the position of the Cointelegraph China platform and does not develop investment or financial strategies. Readers should get an idea of the potential benefits and investment strategies and improve risk management.
This silences the idea that all other coins go to zero in BTC.
— Raoul Pal (@RaoulGMI) 7 avril 2021
Pal first bought BTC in November 2013. He held the stake in 2019-20 after selling it for 10 times its profit (and losing more money later that year) in what is became known as the "Grease" War in 2017. In May 2021, it was confirmed to have a higher ETH than BTC. At the time of this writing, Bitcoin is worth around $40,925.
The controversy arose from Force's tweet, "Raul was weak", followed by the tweet "Raul attacked himself". Back from the Pal and Bitcoin maximalists, Pal says xenophobia in the Foss and Bitcoin community is the reason she only has one Bitcoin.
It's your problem. I don't agree with your idea, so you're opposing me? Are you right? That's why I only have one bitcoin and the community lost sight of inclusion, and you've helped reduce network disruption by excluding people from the network who disagree with you .
— Raoul Pahl (@RaoulGMI) January 20, 2022
This angered the Bitcoin community, with many arguing that it was using thought obfuscation logic. User Emanuel replied in a tweet on the Bitcoin Meme Hub: "His intentions are devastating to his future."
Synaptic Ventures founder Marc van der Chijs complains that Pal only holding one BTC based on existing communities outweighs revenue. It is "against the belief that he advertised on RealVision".
However, some blocked Pal from pointing out his fanciful material and warning fans that he was a real trader and not a hold. Crypto My Way creator and Crypto reviewer "Coach T" praised Pal's "many thoughts and feelings."
Foos vs. Pal: Twitter sib cav
The controversy seems to have arisen over disagreements over inflation and Pal's work on the use of trade contracts. Foss explains that Pal doesn't promote his business to people who don't understand his business.
Pal disagreed, explaining that his view of the contract was "business, not speculation." However, Pal claimed in a later comment that he failed to deliver on the promise.
Now let's do the math. If I could, the contract could increase by 20% in 12 months (using TLT only). It's faster than balance sheet expansion, so it's income for purchases. If you hold a growth contract, you lose money. Problems?
— Raoul Pahl (@RaoulGMI) January 20, 2022
Three hours after the first tweet against Pal, Foss apologized for "regretting his actions" and added "he made a mistake at the start" and added that "he still had a big fight".
Just a few weeks ago, Pal said he thought it "potentially reasonable" that the cryptocurrency market cap could grow 100x within ten years. I hope that's right. Maybe that's something we all agree on.
The Cointelegraph has called Real Vision's Raoul Pal and will update the matter as soon as they receive a response.
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