The CEO of Real Vision, Raoul Pal, revealed within a recent interview that he thinks “no trade matters apart from Bitcoin” at this moment. He added that “almost everything is an inferior trade” to the cryptocurrency.
This comes shortly after he said that the continued money printing is making him more bullish on the price hike of Bitcoin more than ever before:
“In fact, just one asset has offset the expansion of the G4 record sheet. Its not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Just one asset massively outperformed over almost any time horizon: Yup, Bitcoin. My conviction levels in bitcoin rise with each day. I’m already irresponsibly long. i’m now thinking it’s going to not be even worth owning the other asset as a long-term asset allocation, but that’s a story for some other day [I’m still thinking through this].”
However, Pal isn’t the only macro analyst to have been pledging their support for Bitcoin over recent months.
*Bitcoin’s network effects have allowed it to outpace altcoins, which could have suppressed BTC.
*Bitcoin has scarcity mechanisms like block reward halvings.
*The cryptocurrency has an “ideal” macro backdrop, which incorporates massive growth in funds and the mainstream adoption of the asset by prominent firms.