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September 21, 2020
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Raoul Pal: BTC is the only asset worth buying for the long term |

Raoul Pal, CEO and founder of Real Vision, says he believes that Bitcoin is the only asset worth buying for long-term investments.

Raoul Pal is betting on BTC today

Real Vision CEO and founder Raoul Pal says his “Level of conviction” Bitcoin is on the rise every day as it compares cryptocurrency assets with traditional investments across different time scales.

Applying the theory of economic cycles in a series of graphs published on Twitter On August 6, the former Goldman Sachs fund manager stated that while many investors choose gold as an alternative to Fiats, Bitcoin (BTC) is the only asset in the world that can currently “Balance the growth of the G4 balance.” The G4 of course refers to the Bank of England, the Bank of Japan, the US Federal Reserve and the European Central Bank.

“These are not stocks, bonds, commodities, loans, precious metals. Only one resource outperformed almost every time horizon: Bitcoin “

He said.

He continued:

“My belief in Bitcoin grows stronger every day. (…) Now I think it may not make sense to have any other asset as part of a long term asset allocation, but that’s a story for another day.

BTC rate over the next five years

Pal had previously told Cointelegraph that the devaluation of global currencies would cause Bitcoin’s price to rise 50 to 100 times over the next five years. He interpreted the economic cycle theory charts to show that the major cryptocurrency could eventually hit $ 1 million.

As of this writing, the price of Bitcoin is approaching $ 11,800, after increasing by 6%. in the last seven days and a 1% jump in the rate on a 24-hour scale.

Also remember that the current one course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . In turn, a certain place where you can buy Bitcoin and other kryptowaluty, include Poland cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, in this article you will learn how to create one quickly and efficiently: LINK.

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