Ex-Goldman Sachs Executive Says ‘Right Now’ Is the Time To Get Into Bitcoin and Crypto Markets
Real Vision CEO Raoul Pal says that investors should not waste any more time to start buying up digital assets. In a new Real Vision Finance video, the former Goldman Sachs executive says that the macroeconomic conditions present an opportune time to start buying Bitcoin (BTC) and other cryptocurrencies.
Pal predicts that the coming of what he calls the Exponential Age will send artificial intelligence (AI) and other innovative technology stocks soaring along with crypto assets. He also believes that the Federal Reserve will have to start injecting more liquidity into the markets to revive the economy after quickly raising interest rates since last year to draw down inflation. An influx of liquidity historically has driven crypto prices higher.
Asked when will be the best time to enter the crypto market, Pal says: “Right now is my answer.”
“We are standing at the precipice where the machines are going to take more power in the world. More central bank printing is coming, because the only answer to raising rates now is to deal with the economic downside, which is to print more money, more cowbell as I call it.
The asset that does the best in that environment is cryptocurrency and technology. So we’re in this perfect storm. And gold tends to do well. Where there’s barbell strategy… of gold and hard assets that you can’t recreate versus technology plus crypto, I think nails the best strategy.”
The total market cap for cryptocurrencies is worth $1.22 trillion at the time of writing, up 5.7% during the past 24 hours.
