Just came across something interesting about Raoul Pal's conviction in crypto. The Real Vision Group CEO basically said his entire liquid net worth is in crypto—and has been for the past few years. That's a pretty bold move, especially coming from someone with serious traditional finance credentials.

What caught my attention was how he explained his entry points. He didn't just throw money at crypto randomly. When the SEC lawsuit against XRP was at its peak and everyone was panicking, that's when he saw the real opportunity. Same with Solana—both entries timed during major crises when prices were crushed. He watched people exit positions in fear while he was loading up.

During a recent podcast with John Deaton, Pal broke down his thinking. He said he uses traditional finance frameworks for analysis, but the conclusion was clear: 100% liquid net worth in crypto. He acknowledged he's interested in AI and robotics, but crypto is his first love. The way he describes it is pretty telling—he talks about loving the space, the people building it, and what it represents as a system transforming in real time.

What's notable is that Pal's conviction seems rooted in the communities and actual use cases he's seeing, not just price speculation. Both his XRP and Solana positions reflect that philosophy. When others are scared and selling, he's studying the fundamentals and positioning accordingly.

It's the kind of long-term conviction you don't see that often from established finance figures. Whether you agree with putting 100% of liquid net worth into one asset class or not, you can't deny the conviction is real.