A well-known investor, Raoul Pal, who is quite famous in the crypto industry has made certain revelations recently. On November 30, 2020, he announced that he will be liquidating all of his gold holdings for cryptocurrency. He is planning to invest his money in Ethereum and Bitcoin, which indicates his confidence in two of the largest cryptocurrency as per the market cap. Raoul Pal revealed that all the funds acquired by liquidating gold will be invested in both BTC and ETH. He also mentioned that the amount he will be investing in crypto is 98% of his total worth. Raoul Pal Alerts Crypto Community For Upcoming Regulations Along with making revelations about liquidating all of his gold holdings, Raoul Pal also alerted the crypto community for the upcoming regulations. The reason is that institutional investors are paying huge interest in the crypto market. Due to this, there is a need for a proper regulatory framework. Raoul Pal’s revelations came right after Guggenheim Partners’ filed with the SEC to make investment in Bitcoin. They are planning to do this through Grayscale Bitcoin Trust, which is one of the biggest investment projects that is holding around 500K Bitcoins. Investors Showing Interest in Crypto and Blockchain As Raoul Pal has announced his deep interest in investing in cryptocurrency, there are several others as well who are exploring new opportunities. Global Care Capital, a Vancouver-based firm, is also looking for investment opportunities in both blockchain and crypto industry. According to the firm, they are taking their step to maintain a commitment to finding innovative new markets. The firm is looking for some major investment opportunities in this sector. At present, the whole crypto market is showing a bullish outlook overall, especially the two largest cryptocurrencies, Bitcoin and Ethereum. However, it is yet to be seen what is waiting for them in the future ahead.
The post Raoul Pal Planning To Liquidate Gold To Buy Crypto appeared first on Cryptoknowmics-Crypto News and Media Platform.
from Live Crypto News – Cryptoknowmics-Crypto News and Media Platform
