Raoul Pal advises holding firm amid BTC's sharp decline

Macro investor and Real Vision CEO Raoul Pal advised investors to maintain their conviction and embrace volatility amid BTC's sharp decline. He noted that every crash and panic feels terrible, creating a sense that the opportunity is lost. Pal recalled experiencing several drops of over 50% since he first bought BTC in 2013, emphasizing that these moments occurred within a broader long-term bull market. He stated that the most important lesson for a long-term appreciating asset is to simply do nothing. Pal warned that investors cannot survive this market by borrowing someone else's conviction and must earn it themselves, or they risk losing their capital. He stressed that if one believes tomorrow will be more digital and the value of fiat currency will decline, then enduring the associated volatility is necessary.