Real Vision CEO Raoul Pal says investors should waste no more time to start buying digital assets.
In a new video from Real Vision Finance, the former Goldman Sachs executive says that macroeconomic conditions present an opportune time to start buying Bitcoin (BTC) and other cryptocurrencies.
Pal predicts that the arrival of what he calls the Exponential Age will see artificial intelligence (AI) stocks and other innovative technologies skyrocket 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 rapidly raising interest rates since last year to reduce inflation. Historically, an influx of liquidity has driven cryptocurrency prices higher.
When asked when would be the best time to enter the crypto market, Pal says, “Right now is my answer.”
“We are standing on 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 works best in that environment is cryptocurrency and technology. So we're in this perfect storm. And gold tends to do well. Where there is a strategy of weights…of gold and hard assets that cannot be recreated versus technology plus crypto, I think that is the best strategy.”
The total market capitalization of cryptocurrencies is worth $1.22 trillion at the time of writing, up 5.7% over the last 24 hours.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.
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