KANALCOIN NEWS – CEO and founder of Real Vision, Raoul Pal, expressed his belief that bitcoin is the only asset worth owning as a long-term investment. In fact, Pal admits that he will soon make bitcoin the only asset for long-term investment.
CEO and founder of Real Vision, Raoul Pal, said that his level of confidence in Bitcoin is increasing day by day. This was conveyed by Pal when comparing Bitcoin with other traditional investment assets at various time frames.
This comparison was conveyed directly by Pal in an upload on his personal Twitter account. In this upload, the former Goldman Sachs fund manager described his opinion based on the theory of economic cycles.
Pal uploaded a graph showing how the value of Bitcoin will grow over time. Pal also said that although many investors prefer gold as an alternative to fiat, Bitcoin (BTC) is believed to be the only asset in the world that is able to keep up with the growth of the G4 balance sheet..
The growth of the G4 balance sheet itself refers to the Bank of England, Bank of Japan, Federal Reserve and European Central Bank.
In fact, Pal said Bitcoin is able to outperform various types of stocks, bonds, commodities, credit, precious metals, and miners almost every time.
“These are not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperforms them all most of the time: Bitcoin,” Pal said on Twitter as reported by Cointelegraph.com.
Moreover, in the caption of the image he uploaded, Pal once again confirms that Bitcoin has very large margins most of the time with other assets. In fact, Bitcoin is the only asset in the world that has been able to keep up with the growth of the G4’s balance sheets.
Pal admits directly that he has more and more confidence in Bitcoin which is getting better day by day. Apart from that, Pal also doesn’t hesitate to mention having no current assets other than Bitcoin as a long-term investment. However, it might be a different story later, according to Pal.
Pal also explained that currency devaluation can affect the value and price of Bitcoin. According to Pal, currency devaluation could cause the price of Bitcoin to increase by 5 times or even 100 times in the next five years.
That means, the price of Bitcoin will likely be very high in 2025. In fact, Pal interprets on the economic cycle theory chart that he uploaded on Twitter that the price of Bitcoin could one day reach 1 million United States dollars per Bitcoin.
Monitored since today, the price of Bitcoin is almost close to $ 11,800 per Bitcoin, up 0.19% from the previous price.
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Author: Redaksi Media
Cryptocurrency Media