Former Goldman Sachs executive Raoul Pal: Crypto market correction is normal, maintain long-term investment perspective
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Former Goldman Sachs executive Raoul Pal: Crypto market correction is normal, maintain long-term investment perspective
Pal advises investors to follow the DFTU principles, broaden their investment horizons, increase patience, avoid frequent trading, and adopt the DCA (dollar-cost averaging) strategy.
Navigating Web3 tides with focused insightsTechFlow news, on November 17, Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, called on investors to remain calm during market volatility in a social media post. Pal shared his investment journey since buying Bitcoin at $200, having experienced multiple significant drawdowns (-85% and -70%). He emphasized that volatility is normal in the crypto market, with Bitcoin typically seeing multiple pullbacks of over 35%, and high-quality altcoins potentially dropping more than 60%. Pal advised investors to follow the DFTU principle, broaden their investment perspective, increase patience, avoid frequent trading, and adopt a DCA (dollar-cost averaging) strategy. He described cryptocurrencies as "the best-performing asset class in history," urging investors not to abandon long-term opportunities due to short-term fluctuations.
