In a Twitter argument with Greg Foss, Raoul Pal said that the Bitcoin community has “lost sight of inclusion.”
Former goldman Sachs hedge fund manager and cryptocurrency bull Raoul Pal claimed during a tweet that he currently solely owns one Bitcoin.
As the claim was created within the heat of a Twitter fight with self-proclaimed “Bitcoin Strategist” Greg Foss it’s not entirely clear whether or not it’s an exaggeration or an accurate statement concerning his holdings. Pal is that the founder and business executive of Real Vision and world Macro whereas Foss is an executive at Validus Power firm.
The revelation of his apparently tiny holding actually caused uproar and angst among Bitcoin true believers, who’ve checked out Pal askance ever since he started job Ethereum “the greatest trade” and foreseen that ETH and altcoins can eventually outperform BTC.
Pal initial purchased BTC in Nov 2013. He sold for a 10X profit within the questionable “fork-wars” of 2017 (missing out on a good larger gain later that year) before adding to his assortment in 2019 through 2020. In might 2021, he confirmed that he owned additional ETH than BTC. At time of writing, Bitcoin (BTC) is value $40,925.
The barney was instigated by Foss, who tweeted “Raoul is soft” followed by another intellectual tweet, “Raoul sucks and blows” shortly once. after some back and forth between Pal and the Bitcoin maxi, Pal posted that folks like Foss and the Bitcoin community’s exclusionary ideology are why he only holds one Bitcoin.
This upset the Bitcoiner community, many that claimed he had let feeling cloud logic. “His feelings are pain his future,” commented one user Emanuel during a reply to Bitcoin meme Hub tweet. “I knew once he started to sip Vitalik's coolaid he was a desperate,” added another user, Jalan Foster.
The founder of synaptic Ventures marc van der Chijs complained that the actual fact Pal solely owns one BTC supported the makeup of the community and not on the potential come “goes altogether against the gospel he preaches on RealVision.”
However, some defended Pal, inform to his spectacular data and reminding followers that he's in reality a trader, not a holder. Crypto analyst and founder of Crypto My means “Coach T” wrote that he appreciates Pal’s “diverse views and intelligent thinking.”
Foss vs. Pal: a Twitter feud
It seems that the argument was in response to a disagreement on Pal’s stance on inflation and bonds as a commerce vehicle. Foss explained that he didn’t support Pal promoting his commerce strategy to others who don’t entirely understand however it works.
Pal disagreed, explaining that his views on bonds are “a trade, not a philosophy.” Despite this, during a following discuss the thread, Pal claimed that he doesn’t own any bonds.
Three hours once posting the first tweet attacking Pal, the argument eventually culminated in Foss tweeting associate apology language that he “regrets his actions,” adding that he “made a rookie error” which he has “bigger battles to fight.”
(Keira wright, Cointelegraph, 2022)