Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at 'falling...
Investment strategist Raoul Pal suggested traders should probably buy the Bitcoin dip as price crashes to two-month lows. Raoul Pal wants Bitcoin (BTC) investors to mobilize their trades against Elon Musk. The macro investment strategist advised traders to either accumulate or preserve their Bitcoin holdings just as the flagship cryptocurrency suffered massive declines over the weekend and at the beginning of this week.Bitcoin drops by 16.92% over the weekend and Monday. Source: TradingviewIn retrospect, bulls came under pressure after Elon Musk started rattling the cryptocurrency market.....
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Coins stationary for at least a year are suggesting that accumulation is done — something which traditionally accompanies the end of bear markets. Bitcoin (BTC) may already be beginning its new macro uptrend if historical "hodl" habits repeat.That was the conclusion from research into the latest data covering the amount of the BTC supply dormant for one year or more as of July 2022.Hodled BTC hints that the bear market is overAccording to independent analyst Miles Johal, who uploaded the findings to social media on July 29, a “rounded top” formation in "hodled" BTC is in the process of....
One fund manager thinks Bitcoin could be worth $1,000,000 USD after some envelope-back analysis from "a while ago." Former Global Macro Investor Group manager Raoul Pal has been predicting Bitcoin's price based on a comparison with gold for over a year now. Despite asserting that Bitcoin could be worth $100,000 or $1,000,000 each, Pal still only suggests that users follow the old adage: Only invest what you can afford to lose. Pal has been saying the same thing about Bitcoin since before its most recent price spike. Last year, Pal sent a newsletter to the Global Macro Investor Group with a....
For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” Labra HODL (@labrahodl6), one of the star memers of Bitcoin Twitter, spoke about his Bitcoin journey.
Global Macro Investor CEO, Raoul Pal, discussed the current economy this week and asked his 394,000 followers if people are using the wrong denominator when it comes to certain economic factors. One thing’s for certain, wages have not increased, no matter the common denominator people use to measure today’s salaries. Pal wholeheartedly believes that bitcoin is the only “life raft” he knows of that has “the optionality to change this [issue] over time.” Macro Strategist Asks: ‘Do We Have the Wrong Denominator?’ Raoul Pal is a bitcoin bull and....
After arousing confusion with incomplete communication and forced liquidations on lending contracts, Hodl Hodl explains what happened.