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- Bitcoin was seen to be the best performing asset under cryptocurrencies from its launch ten years ago.
- Raoul Pal ex-executive of Goldman Sachs has predicted Bitcoin to be the best investment to make in this year 2020.
- Raoul Pal is now the CEO of Real Vision, a financial media company.
Raoul Pal ex-executive of Goldman Sachs has predicted Bitcoin to be the best investment to make in this year 2020. Raoul Pal previously, the executive of Goldman Sachs, is now the CEO of Real Vision, a financial media company.
Raoul Pal, who is an expert market analyst and giant trader, shared in his twitter handle that he is going to hold the Bitcoin as an asset for the next coming ten years and will continue to trade because of its broader and macro perspectives.
He shared that he is a firm believer that Digitalization is the next generation innovation next to traditional financing. He also shared that if he had the option of only owning only one asset for the next decade, it would be Bitcoin only, to which he also said that Bitcoin is better than everything.
In a previous interview with Stephen Livera, who owns the famous Bitcoin Podcast, Raoul said all other cryptocurrencies except Bitcoin overvalued according to their market capitalization and volume.
He also shared that he is not interested in traditional stocks and bonds; even real estate doesn’t interest him. He also strongly believes the coming decade is going to be more influential on Bitcoin more than any assets.
The further integration of financial systems and institutions into the technological advancing world will only invite drawbacks was the point he made. As well due to which the demand for alternative currencies such as Bitcoin and other cryptos will rise with the opposition made to the fiat currencies.
This could be the ultimate reason why Bitcoin will soar this decade or this very year as per Raoul Pal. Bitcoin was seen to be the best performing asset under cryptocurrencies from its launch ten years ago.
The implementation of Bitcoin and Blockchain technology has changed the world’s perspective of currency and banking. It can safely say that Bitcoin and other cryptocurrencies are a safe alternative to traditional currencies. However, it has its drawbacks of traceability and more use in the illicit activities.
