Blender
(BTC) Bitcoin News TodayNews

Bitcoin is the “biggest front-running opportunity of your life,”says Raoul Pal

Now, Bitcoin is not only the favorite investment of retail investors but also for institutional investors. Former Goldman Sachs exec Raoul Pal asks retail investors to take benefit of the opportunity before the entry of big players.

Start Trading

Bitcoin ETF

Raoul Pal, who is also a hedge fund manager, hints of Bitcoin exchange traded fund (ETF). With the coming of Bitcoin ETF, the market cap of Bitcoin will touch billions of dollars and called it the biggest opportunity of life for retail traders. Pal said in a YouTube interview with Jerry Hall:

“You’re allowed to front-run in Bitcoin, and I’m going to give you the biggest front-running opportunity of your life: they will get an ETF across the line. There will be billions of dollars that pour into it. Every pension plan will allocate some money to it. Every family office will allocate some money to it. And the more the price goes up, the more they will allocate because the larger the market cap of Bitcoin is…”

📰  US OCC Allows National Banks to Hold Stablecoins Reserves

Opportunity for Retail Investors

Pal says that this is a big opportunity for retail traders and investors because it is their time to enter the BTC market. “This is an opportunity for retail to front-run the institutions for once as opposed to Goldman Sachs front running us, “he explained.

Institutional players do not have a safe gateway to trade or hold Bitcoin but it takes time. Currently, they are trying to understand the digital assets markets. Pal further stated:

“Just understand: the pension plan, the endowment, the family office, the [registered investment advisors], they’re so far trying to get their heads around Bitcoin, and they don’t have a product to trade yet. So they passed the custody regulations in the US, so now banks can custody. That means prime broking is coming for hedge funds. Hedge funds will be first into the space, that’s clear…

They (the RIAs) understand that this is interesting but they can’t do it. The regulations won’t allow them to hold this digital asset.”

📰  Whale Clusters Highlight 4 Critical Bitcoin Price Levels
vpn

Hassan Mehmood

Hassan is currently working as a news reporter for Tokenhell. He is a professional content writer with 2 years of experience. He has a degree in journalism.

Leave a Reply

Your email address will not be published.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

Back to top button
Close