Raoul Pal, CEO of Real Vision and a prominent macro investor, has urged investors to maintain their conviction and embrace the volatility following Bitcoin's recent price decline. Drawing from his decade-long experience with Bitcoin's price swings, Pal emphasizes the importance of long-term structural trends over short-term market panic. The recent downturn in Bitcoin's price is seen as part of its historical market cycles, with factors such as macroeconomic tightening and leveraged position liquidations contributing to the decline. Despite the volatility, on-chain data indicates that long-term holders have not significantly reduced their balances, suggesting a divergence between short-term trading sentiment and long-term investment strategy. Pal's advice centers on developing a personal investment thesis and accepting volatility as inherent to nascent asset classes. He argues that if investors believe in a digital future and the potential depreciation of fiat currencies, enduring Bitcoin's volatility is a necessary part of the investment strategy. This perspective frames Bitcoin as a strategic hedge and a bet on technological and financial digitization.