How to get rich in Crypto without relying on luck? Financial Crypto Veterans Raoul Pal reveals his investment strategies.

In the 2008 financial crisis, Raoul Pal talks about the solid enrichment of cryptocurrencies and macro view trend insights. This article is based on an article written by @RaoulGMI and is collated, compiled and contributed by KarenZ, Foresight News. (Synopsis: A national first!) The governor of New Hampshire signed the "Pass Bitcoin Reserve Act", allowing 5% of public funds to invest in BTC) (background supplement: Buffett's shareholder meeting essence once looked: $300 billion deployment, unfortunately Japanese stocks buy too little, AI and insurance, five maxims for investors. Raoul Pal, a former Goldman Sachs executive, author of Global Macro Investors and founder of Real Vision, is known for successfully predicting the 2008 financial crisis. In a recent conversation with "When Shift Happens" and a presentation at Sui Basecamp in Dubai, Raoul Pal dives into how to steadily build wealth in the cryptocurrency space and discusses Bitcoin, Ethereum, Meme, AI, NFT, Sui Ecology, Strategy Bitcoin strategy, investment strategy, macro trends, and market trends. Raoul Pal Dialogue When Shift Happens Essence Output How to get rich without luck in crypto? How to get rich with Crypto without luck? Simply buy Bitcoin and adopt a DCA (Cost Average) strategy. Newbies tend to fall into the trap of getting rich quick, and this mentality is fraught with danger. When you start to envy others for 100 times the return, you have stepped into the danger zone, and once you lose your mind and greed, it is easy to mess up the investment completely. The crypto space is riddled with risks, such as DeFi attacks, wallet theft, etc., which requires investors to be vigilant and rational at all times. Regarding Meme, Raoul Pal said that he does not own Fartcoin, but holds SCF (Smoking Chicken Fish) and DODE. Although the SCF is down 90%, it is showing a good rebound. In particular, he cautioned investors not to let Meme coins such as Fartcoin, WIF or BONK occupy too large a proportion of the portfolio, as such coins have up to an 85% chance of zeroing. He was even surprised that LUNA hadn't evolved into a Meme coin, expecting people to buy like crazy. 3. Stay away from market panic and return to value investing If investors are panicking about the market, Pal recommends returning to life with peace of mind and away from the trading screen. Those 5-minute candlesticks, 1-hour candlesticks, don't actually help with investment decisions. Many people fantasize that they can become successful traders and earn 100 times, but the reality is that the people who can really accumulate wealth in this space are investors who insist on buying and holding for a long time. Fourth, be wary of Crypto Yield risks Regarding Crypto Yield, such as the way to obtain income through staking, there are also risks. For the average investor, when faced with an opportunity that seems to bring a 20% return, it is necessary to be aware of the risks behind it. What do you think of Michael Saylor's Bitcoin buying strategy? Strategy's Bitcoin strategy is creating leverage in the system. Strategy buys Bitcoin by issuing convertible bonds, essentially selling options at a lower cost. After these options are bought by arbitrageurs (options traders), they hedge on exchanges to deal with Bitcoin price fluctuations and the risk of MicroStrategy stock options. At the same time, arbitrageurs also take advantage of the fluctuation of the ratio between MicroStrategy's NAV and the price of Bitcoin, and trade with market instruments such as the spread between perpetual contracts and spot, futures and spot. Currently, the buyers of Strategy convertible bonds are mostly TradFi hedge funds and other institutions, and sovereign wealth funds such as Norges Bank may only value the bitcoin element in them, while large hedge funds such as Citadel, Millennium, Point72 also arbitrage. These institutions are experienced in risk management, and may be systematically supported, the scale of the site is reasonably controlled, and it is not easy to liquidate positions. In stark contrast, traders who overuse high leverage are exposed to significant risk, and it is not uncommon in the market for excessive leverage to fail trades. Raoul Pal's capital allocation Regarding capital allocation, Raoul Pal said that Sui is 70% and now far exceeds Solana. Sui's adoption and developer activity are doing well. In addition, he also owns some DEEP (DeepBook), which is the liquidity layer protocol in the Sui ecosystem. 7. The value and potential of NFTs As an innovative technology that enables the permanent storage and trading of non-transferable assets, Pal is looking forward to its prospects. From a macro perspective, the current size of the Crypto industry is $3 trillion, and assuming it grows to $100 trillion in the next 10 years, it will create a huge wealth of $97 trillion; Even a conservative estimate of $50 trillion would generate an increase in wealth of $47 trillion. This wealth will flow to different people. Art is the upstream of everything, and digital art, as an emerging field, is expected to become an important flow of wealth. In the field of digital art, we had XCOPY and Beeple, and then the generative art movement. I spent a lot of time talking to some very famous people who were interested in the field. After crypto OGs have earned enough money, the willingness to collect art is extremely strong. For example, CryptoPunk symbolizes your identity and allows you to meet a group of like-minded people. From institutions to the super-rich to ordinary people, they are gradually beginning to realize the importance of digital art. We are still in the early stages. I hold a lot of art, and I think it's a span of time spanning more than 10 years. 8. Advantages and prospects of Ethereum Regarding Ethereum, Ethereum's network capacity has exceeded the current system requirements, and some mechanisms may be adjusted in the future to return to Layer 1. EVM is like Microsoft, and many of the world's banks, insurance companies, and large enterprises rely on Microsoft, not Apple or Google. Once you have a business sales model, it's almost impossible to remove it from the company because you don't want to change it, you don't want to take risks. From the Lindy effect (the longer something has been around, the more likely it is to continue in the future), Ethereum has stood the test of time and is well suited to the needs of financial markets. Will Goldman Sachs and JPMorgan Chase build on Solana? Unlikely. Ethereum may bring a new narrative to the market and is expected to outperform Bitcoin in the short term. Looking ahead to the next five years, unless they mess everything up, its importance will become even more prominent. Bitcoin Lightning Network, payments and other concepts...