What Raoul Pal Said About Bitcoin in June 2017

NIA officially suggested Bitcoin for the first time on May 30, 2016, at $530. In June 2017 after Bitcoin exploded to $2,900 USD, Forbes published an article about how RealVision Founder Raoul Pal sold out of Bitcoin saying it is NOT a store of value (the one time he told the truth). Raoul Pal explained while speaking at Mauldin Economics' Strategic Investment Conference, "The explosion is mania. It's people looking for a rate of return. It's in the bubble phase. Bitcoin goes through this periodically it rises several hundred percent, then collapses." See the June 2017 Forbes article for yourself by clicking here.

By year-end 2017, Bitcoin gained another 590% to $20,000 and while NIA members made a fortune on Bitcoin, Ethereum, and NIA's Crypto/Blockchain stock suggestions BTL Group and Hive Blockchain... Raoul Pal missed out on most of Bitcoin's gains.

After Bitcoin hit $20,000 in December 2017, NIA said that all Crypto/Blockchain stocks were extremely overvalued and would crash in early 2018, except for one undiscovered Russian Crypto/Blockchain play QIWI Plc (QIWI). NIA suggested QIWI on December 28, 2017 at $13.98 per share, while also suggesting the QIWI February 2018 $15 call option at $1. In January 2018, every Crypto/Blockchain stock in existence crashed by 50% or more, except for QIWI which became the sector's only winner, with QIWI gaining by 34.12% in January 2018 to hit a high of $18.75 per share, which caused NIA's QIWI call option suggestion to gain by 280%.

On June 10, 2020, NIA became bullish on Crypto for the first time in years when it suggested Voyager Digital (TSX: VOYG) at $0.60 per share. VOYG gained by 6,200% within 10 months to become the market's #1 largest gaining Crypto stock. After Bitcoin hit $64,895.22 in April 2021, NIA became bearish on the Crypto space and began warning its members to get out of all Crypto assets. On December 14th, NIA suggested for its members to sell VOYG short.

Instead of calling a top on Crypto and encouraging RealVision subscribers to take profits, Raoul Pal tweeted on April 24, 2021, "Question: Who knows anything about @dfinity ? What do I need to know? (Not shilling - not even sure if it will list as a token? I clearly don't own any as was not one of the anointed ones.) I hear very, very big things. Thanks team." Click here to read his tweet.

Only two weeks after Raoul Pal tweeted that he is hearing "very, very big things" about @dfinity, but is "not even sure if it will list as a token"... @dfinity listed as a token called Internet Computer (ICPUSD). What a coincidence! Click here to read a May 7, 2021, article entitled, 'Get Set For a Wild Ride: Dfinity’s Dom Williams on the Launch of The Internet Computer'.

ICP opened for trading on May 10, 2021, at $630 per token and went straight down from there. Within one month of its listing, ICP had crashed by 89.45% to $66.48 per token. Today, ICP is trading for $23.80 per token and has declined by 96.22% since Raoul Pal shilled it.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA was compensated by VOYG USD$60,000 cash for a one-year marketing contract which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.