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X @Raoul Pal
Raoul Pal· 2026-07-27 16:58
When the market gets boring and quiet and everyone turns bearish, I like to come back to the story of how I fucked it all up.And I fucked it up a lot of ways, because crypto is genuinely hard. People think the cycles just repeat. They don't. Every one has a different texture, a different context, and it is so easy to get it wrong.I got in back in 2013. Wrote the first ever macro piece on Bitcoin, and bought at $200, straight into a peak right before it slammed down and I felt like an idiot.But I had a thesi ...