Veteran fund manager misses more than just Tesla
Veteran fund manager misses more than just Tesla originally appeared on TheStreet.
Markets are not having it after investor Raoul Pal cited a rally in stocks such as Robinhood (HOOD), Coinbase (COIN), and Rocket Lab (RKLB) as part of his RV Pro portfolio.
The RV Pro portfolio is a premium investment strategy by Raoul Pal's Real Vision platform comprised of high-conviction trades, typically around macro and tech, and digital assets.
Raoul Pal is a former hedge fund manager and the co-founder and CEO of Real Vision. This financial media platform offers in-depth interviews and analysis on global macroeconomic trends, cryptocurrency, and other investment topics. He worked at Goldman Sachs and GLG Partners, where he is known for being among the first to be bullish on Bitcoin and Ethereum.
Part of it is being "spent," and part of it is "going vertical," Pal said, theorizing that the next leap for this liquidity wave could be into the crypto markets.
"The liquidity spigot is wide, wide open," he said, suggesting the potential for a more widespread rally supported by high investor optimism and inflows of money.
However, while Pal was excited, the data suggests otherwise.
Though the Solana-based HOOD crypto token — not affiliated with Robinhood — was up over 9.8% in 24 hours, Robinhood stock was volatile.
Join the discussion with CryptoWendyO on.
Rocket Lab is down 1.44%, and Coinbase was down sharply, 5.49%. The declines may suggest profit-taking or an investor's perception of the data's regression or ambiguity.
Similarly to Tesla (TSLA), which Pal anticipates will break out in a major way, Tesla has not broken out yet. At press time, Tesla is trading at $319.32 and is down more than 2% from the day before.
Simply put, institutional investors are betting that riskier assets, including cryptocurrencies, can appreciate as capital continues to flow in. The reality is that price movements are real and not every "vertical" price move lasts.
Veteran fund manager misses more than just Tesla first appeared on TheStreet on Jun 27, 2025
This story was originally reported by TheStreet on Jun 27, 2025, where it first appeared.
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