Crypto Will Outperform Gold, Real Estate And Stocks As Central Bank’s Currency Depreciation Accelerates: Raoul Pal
Former Goldman Sachs CEO Raoul Pal says crypto is outperforming virtually every other asset class along with the continuation of long-term currency depreciation.
Pal tells his nearly one million Twitter followers that after the collapse of First Republic Bank, it looks like the US will enter another chapter of printing money to service its massive debt.
The Real Vision founder warns that most people will not be able to avoid the negative effects of currency depreciation by hoping for pay rises or being smart about saving.
“The outcome is that the debt payments and bailouts are really mutual between the 99%, while the 1% owners see the value of their assets rise (due to the drop in the denominator).
Income is not linked to the balance sheet, nor is income. They underperform. DO nothing and get poorer. After all, an asset is future deferred consumption, so if you own fewer assets, your future self is poorer.”
Pal says “high-quality crypto” and tech stocks are the only assets that will have the opportunity to outrun his predicted currency depreciation.
“Only two assets outpace this deterioration: tech stocks and high-quality crypto. Crypto has by far the highest beta to global central bank balance sheets.
Not real estate, not gold, not SPX, not bond yields, not EM (emerging market) stocks, not credit. They all perform in line with the central bank’s balance sheet, or underperform.
This insidious mutualization of debt is a game you can opt out of…
Bitcoin was literally invented for this and because of the fractionation is available to everyone. Ethereum even gives you a return on top.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/klyaksun
