Raul Pal: Time to buy bitcoin
The CEO of Real Vision, a former top manager of Goldman Sachs, believes that investors should not waste any more time, that it is time for them to start buying bitcoin and other cryptocurrencies.
Raoul Pal recorded a video where he announced that macroeconomic factors favor the purchase of BTC and altcoins. The businessman expects that a large-scale growth in the shares of innovative companies, especially those working with AI, as well as crypto assets, will soon begin. This will be facilitated by the influx of liquidity to the markets, which will provide the US Federal Reserve to revive the economy. This influx of liquidity has historically driven the price of cryptocurrencies up. Therefore, when asked when is the best time to enter the digital asset market, Pal answered: “Right now.”
“We are on the cusp of a technological revolution where machines will take over more power in the world. The Central Bank will print more and more money, as this is the only answer to raising rates. The asset that performs best in this environment is cryptocurrencies and technology stocks. Gold should also show itself well, but I think cryptocurrencies and stocks are the best investment strategy,” Raul Pal explained his position.
In March, the CEO of Real Vision said that bitcoin would reach $50,000 by the end of the year.
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