Raoul Pal: ‘It May Not Be Worth Owning Any Asset Other Than Bitcoin’
Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.
CEO and founder of Real Vision Raoul Pal says his “conviction levels” in Bitcoin are rising on a daily basis as he compares the crypto asset to traditional investments on various timescales.
Applying economic cycle theory in a series of charts posted to Twitter on Aug. 6, the former Goldman Sachs fund manager stated that although many investors choose gold as an alternative to fiat, Bitcoin (BTC) has been the only asset in the world to “offset the growth of the G4 balance sheet.” The G4 refers to the Bank of England, the Bank of Japan, the Federal Reserve, and the European Central Bank.
G4 central bank balance sheet in Bitcoin terms. Source: RaoulGMI
The CEO continued:
Bullish for 2025
Pal told Cointelegraph in May that the devaluation of world currencies will cause the price of Bitcoin to rise 50x to 100x in the next five years. He interpreted economic cycle theory charts to mean the cryptocurrency could eventually reach $1 million.
As of this writing, the price of Bitcoin is approaching $11,800, having risen 6% in the last seven days.
Send this article to a friend: