Macro Guru Raoul Pal Says He’s Accumulating New Crypto Asset in Addition to Bitcoin and Ethereum

Macro analyst and former Goldman Sachs executive Raoul Pal says he’s expanding his portfolio beyond Bitcoin and Ethereum.

In a new interview on Real Vision, Pal says he’s gravitating toward social platforms with strong network effects.

 

Pal also says he’s devoting some of his net worth to the crypto sports entertainment project Chiliz (CHZ).

Chiliz, which has a market cap of just over $1 billion, is the crypto asset that fuels the fan token app Socios. Socios allows users to purchase Chiliz, exchange it for their favorite team’s tokens, and use the tokens to vote in polls and receive various incentives.

Pal argues that as blockchain develops and the world becomes more digitally focused, crypto will power a new ecosystem of virtual communities and business structures.

I’m a huge believer that community is the future of all business models and that tokenization is going to be the predominant way that we organize these large, complex groups – now whether that’s sports fans, or whether it’s around music artists, or even businesses themselves.”

Bitcoin did the same thing, argues Pal, unleashing a whole new network of value and connecting a novel community.

“I’ve thought of this as an entirely different value layer that sits above equity that didn’t exist before, because for, let’s say, sports teams to access their fans, they had to pay social media. They had to go onto different platforms, and they had to lease their audiences back from Facebook and everybody else. And this way, it aligns the benefits…

Facebook is a classic example of a network effect business – and they have this structure where the shareholders get all the economic value and the network users get the network benefit, but they don’t get the monetary value. Then Bitcoin comes along and changes everything, because the network user gets the value, the token. And that unlocks this whole community thing or fandom, because then, now suddenly, above equity is this whole other thing that is potentially larger than the equity itself.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix
 

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Leave a Reply

Your email address will not be published. Required fields are marked *

doctors x videos bustyporntube.info tamana hot photos animal free mp3 download tubepatrol.sex 4kpron xvideoskerala sexo-vids.com maa bete ki sexy momo bnha hentai hentairay.com eye hentai نيك في السجن pornucho.com نيك في الجيم mobilexshare fuckholetube.com xossip aunties beeg hd sex blackporntrends.com www.indiansex videos.com xnxx tamil college girls mybeegsex.mobi gandi blue film bp picture video mein newcooltube.mobi kashmiri hot girls xnxx sex vedioes erosexus.info beeg' mom forced xnxx indaporn.info pela peli مواقع سكس هندي bombaporno.com زب مراهق politician mms goratube.mobi gokak sex video كلاسيك سكس porno-izlerim.org لحس كس مثير tere bina jeena saza bigassporntrends.com desi xossip